EdgarTigranyan

Chainlink $30 incoming

COINBASE:LINKUSD   LINK/USD
Hello all. Looking at chainlink on the daily chart we see that we found support around $18 right at the long ascending support line (yellow line).

If we draw a resistance on the daily timeframe we get a resistance sitting at around $31-$32.

The fibonacci retracement from swing high to swing low gives us a golden pocket target which sits at around $29. This also corresponds with the downtrending resistance line which makes me speculate that chainlink will hit this target for a retest.

This price target puts chainlink at 55% gain for the short term.

Bullish signs to look for: Oversold stochastic Rsi , price to break current resistance around $20, golden cross.

Thanks for reading ,and stay tuned. Enjoy.

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