Potential for LINK to Push Up in the Near Term
The use of the Phoenix Ascending indicators and Bad Ass Bollinger Bands (BBs) to predict the LINK USD price in the near term (1D-4D). Please note that the Phoenix Ascending indicators and Bad Ass Bollinger Bands are freely available. Please see publications by @WykoffMode to learn how to use and interpret these indicators. As illustrated in the chart, the white energy (WE) in the 1D may start to exhaust and cross down below level 50 by May 2nd or 3rd. The green exponential moving average (EMA) might be crossed by the red stochastic relative strength index (sRSI) by May 2. The bodies of the daily candles for the LINK USD price might be observed in the white-aqua upper BBs (within the white colored rectangle in the chart; price range = $39.55-$41.56). The blue least squared moving average (LSMA) may continue to increase in the near term (1D-4D). If the LSMA does swing up significantly above level 50 then it’s possible that the BBs could expand. This is not financial advice. I am not your financial advisor. This is my opinion.
The use of the pitchfork and Fibonacci (FIB) retracement tool to show long period of consolidation for LINK USD in 2021 and to identify 4 price targets. From Jan 1, 2021, the LINK USD price has ranged in the red colored channel below the median line. From April 25 to the present, the LINK USD price has trended upward and has wicked up slightly above price target #1 at the 0.382 FIB level ($36.92). There is potential for LINK USD to be observed in proximity to price target #2 at the 0.5 FIB level ($41.04) in the near term (1D-4D). This is not financial advice. I am not your financial advisor. This is my opinion.