LINK about to break through
Updated
Someone has described Link as a "sleeping giant." Perhaps it is finally waking up. On the 4-hourly chart, we are seeing the price break through 1) the previous weekly support level and 2) the bottom of the upward trend established back in December. Also, seeing an ascending triangle pattern at the previous weekly support (now resistance). This will likely breakout to the upside.
LINKUSDLINKUSD
LINKUSDLINKUSDComment
Not sure how to edit the graph, but if you draw an ascending triangle and take the length of the base of the triangle to the resistance level, and use that length to measure the price target, it will point to approx. $30 - $31 price target. Let's wait and see!Comment
Additional observations - both the RSI and MACD are upward moving and have a lot of room to move up.Disclaimer
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