Since the end of April, the LINK market has revived significantly and has begun to bring only positive emotions for investors. In 2 weeks, buyers managed to raise the LINKUSDT price by 75% and fill the upper trend line of the white channel. We wrote about this growth channel in our previous idea:
Flight or crash
It is possible that the channel ceiling will be broken and the link currency will try to set a new record.
Due to the fact that the current canal roof has been tested several times by the process, it is possible that the ascent from the canal roof will not take place, and in this case, the price should be expected to fall to the resistance range...
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We can see that LINK is forming a channel, it should break to the upside, our best support is the 50 major psychological support level, we might see a bounce from there, then a break to the upside to our targets (short term):
PS: 50 then 45.7 and 44 are our best support levels if we see a fall from...
LINKUSDT has been trading in the high 40s range for several days now. Looking at the 3d timeframe, there is still upward pressure with the White Energy not even turning down yet while the Red RSI is above the 56 level. The Green Line is above the White Energy as well.
With more room of growth, there is possibility for another leg up to the mid 50s level after...
According to the new price channel in the heart of the old price channel can be
See that for the first entry you have to wait until the price is above the line
You can enter as the resistance is stabilized
And place the first target one above the midline and the second target the ceiling
LINK since reaching new ATH and breaking above daily resistance market on the 4hr timeframe is now seeing some consolidation in the form of this nice bullish flag, will be even more bullish if we break above this resistance.