It seems that link is trying to find support at a key BTC valuation level. Every time it has held this level a large move has followed. The difference this time is that it would reflect the W double bottom pattern and could quickly turn into a parabolic blow off top moving into this last quarter. Replicating the move from August of 2020.
Appears that LINK may be starting its next wave up. A couple of very bullish things worth noting. Link has now closed to weekly candles above the 21 week and 20 week moving average. The second weekly candle closed above the 20 week after testing the 21 week as support. Also - we have just gotten a bullish weekly MACD cross. The last time this happened LINK rallied...
Took last August moves (2020) and extrapolated that against where we are today in the Link/BTC valuation. Is it a coincidence that we are testing the 20/21 week moving average as we speak....
