Hello everyone,
It's been a long time since I made a post but I wanted to share what I'm seeing in the LINK chart. First, I'm seeing a potential Ascending Triangle. So far, the OBV on many of the timeframes, especially the higher ones have been bullish; volume proceeds price. We have clear resistance at $32. However, the 2-day Ichimoku is giving us nice support. I expect a break to the upside within a week. If successful, target is $40 which will create a new ATH for LINK. That will be a nice kick-start of this bull cycle we are about to enter. The fundamentals are strong for LINK so I strongly believe it will break to the upside.
Legal Disclaimer: Nothing I say here is financial advice. I'm not your Financial Advisor, I'm not your dad, and I'm not your Commander. Always DYOR.
It's been a long time since I made a post but I wanted to share what I'm seeing in the LINK chart. First, I'm seeing a potential Ascending Triangle. So far, the OBV on many of the timeframes, especially the higher ones have been bullish; volume proceeds price. We have clear resistance at $32. However, the 2-day Ichimoku is giving us nice support. I expect a break to the upside within a week. If successful, target is $40 which will create a new ATH for LINK. That will be a nice kick-start of this bull cycle we are about to enter. The fundamentals are strong for LINK so I strongly believe it will break to the upside.
Legal Disclaimer: Nothing I say here is financial advice. I'm not your Financial Advisor, I'm not your dad, and I'm not your Commander. Always DYOR.
Comment:
As long as we continue to hold above the conversion line on the 2-day Ichimoku, we should overcome the $32 resistance. Also, the Alpha Exhaustion on the 2-day is stating resistance at about $36. As long as BTC is bullish and if it makes a new ATH, I don't see a problem with LINK breaking that resistance and head to $40.