Resistance at 66-70keks, consolidation needed
Updated
TA:
As we can see, there is a daily resistance supply zone from 64keks to 70keks, with the 20day ma also acting as resistance which gives confluence. As such chadlink has to consolidate for awhile, before it can swiftly reclaim the 20day ma to break resistance of the supply zone at 64keks to flip it into a support zone. Doing so will reclaim the parabolic trend line and will ensure that we see 180keks at least for a new linkbtc ath.
Fundamentals wise:
Staking is expected to launch Q1 of 2021, and whales are accumulating which decreases supply in exchanges. Decreased supply I exchanges will make it easier for pumps.
What to do:
HODL
As we can see, there is a daily resistance supply zone from 64keks to 70keks, with the 20day ma also acting as resistance which gives confluence. As such chadlink has to consolidate for awhile, before it can swiftly reclaim the 20day ma to break resistance of the supply zone at 64keks to flip it into a support zone. Doing so will reclaim the parabolic trend line and will ensure that we see 180keks at least for a new linkbtc ath.
Fundamentals wise:
Staking is expected to launch Q1 of 2021, and whales are accumulating which decreases supply in exchanges. Decreased supply I exchanges will make it easier for pumps.
What to do:
HODL
Comment
CHAD BREAKING OF RESISTANCE
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