Ascending Channel on LINK Will Soon Hit Resistance!

A very important moment is coming up for LINK. We can clearly see the oscillating price behavior over its recent upwards trending price. Even though there is a high variation in price, we can still see that on average the price is moving up steadily over time.

The question is, what will happen when the bullish trend will finally meet the important $14 resistance? If the price can break through, I expect a very bullish continuation. Perhaps all the way until $20 again from the previous all-time-high.

We already know that the price is capable of reaching such highs, and there is at least a 38% gap to get there still. I would argue it's unlikely that we have already seen the maximum price LINK is ever going to reach given that it's a project still so early in development.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!