LINK was one of the revelations of the crypto market in 2020, however this year since the May correction, it hasn't performed as most would have expected.
This pattern though shows that a strong rally may be in the runs as the current levels seems like the December 2020 low that was eventually the bottom of that consolidation phase and gave way to a massive 2 month rally. At the same time, the 1D CCI has bounced off the multi-month Support Zone, which was the same reaction as on December 23 2020.
The longer-term time-frame even seem to agree, as an MA50 (blue trend-line) / MA100 (green trend-line) Bullish Cross on the 1D time-frame has always delivered a rally since the March 2020 crash, and so far that hasn't happened.
I am expecting LINKUSD to reach $80 and the 1.5 Fibonacci extension. Do you?