mrdrdn

Does LINK have enough juice to stay above crucial resistance?

KRAKEN:LINKUSD   Chainlink / U. S. Dollar
Not quite the breakout I was expecting from this ascending triangle . RSI shows a little room to grow, but is also riding on a crucial resistance level .

I see one of two things happening here:

1. We see some consolidation at this level to establish support at our old resistance around $34.75, before a move toward the big 4-0.

2. Volume dissipates and we see a slight retrace to one of the marked support levels.

Comments

LINK said: "patience young grasshopper"
+1 Reply
@mrdrdn, Patience is a virtue
+1 Reply