TradingView
mrdrdn
Apr 13, 2021 6:08 PM

Does LINK have enough juice to stay above crucial resistance? 

Chainlink / U. S. DollarKraken

Description

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
mrdrdn
LINK said: "patience young grasshopper"
Deep-Peat-Shark
@mrdrdn, Patience is a virtue
More