It's Friday December 18th and today we take a look at the LINK/USD daily time frame crypto chart using the Fibonacci Retracement tool. We are right around our KEY Fibonacci .382 level which is right at $12.95. Coincidently, our 21 week EMA is ALSO right around this level! This is RARE and should give us much needed extra support. We can wick down lower, but our candle CLOSES must be above the $12.95 level if we want to continue up in the short term. PAY ATTENTION over the weekend and WATCH CLOSELY! If we break that and move lower, we will continue down for the next few days/weeks. I still expect a massive move up from alts soon (next few weeks/few months) LINK FOREVER!!!
it's below 13 now. Look like it's sitting on long term support line. What you think gonna happen?
FiveDayCrypto
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@DukeDinhd6, I am going to post a chart or two this afternoon. Since we broke our 21 Day support, we have to look at our 21 WEEK EMA is as our BIG support around $11.60. I have full confidence we hold that and move back up in the coming weeks. Thanks for your question.
DukeDinhd6
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@FiveDayCrypto, it did hit 11.80 last night. It was hard to watch lol
Allec
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break-out before 12 jan.
abel11
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Good technical set up!
FiveDayCrypto
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@abel11, thank you! I try to post 5 days a week! I also have youtube videos. Search 5DayCrypto. Thanks again! 👍