LINK — A Break Above Double Resistance Could Send It to $22
LINK is setting up an extremely compelling chart pattern on the higher timeframes. Definitely one worth watching.
• Daily Chart: LINK is riding the bullish market momentum and approaching the crucial $13 level. This is a key resistance point. If LINK manages to break through it, we could see a swift move to $16.25, the next logical target.
• Weekly Chart: But here’s where it gets even more intriguing. When you zoom out to the weekly timeframe, LINK trades within a falling wedge—a bullish pattern that typically signals potential for significant upward movement. What’s particularly interesting is that the upper trendline of this wedge is just slightly above the $13 resistance.
This alignment means that if LINK can break through both resistance levels—the $13 mark and the upper trendline of the wedge—the price might not stop at $16.25.
Instead, we could be looking at a rapid move up to $22.
This is a setup worth watching closely. Keep an eye on these levels! 🚀
• Daily Chart: LINK is riding the bullish market momentum and approaching the crucial $13 level. This is a key resistance point. If LINK manages to break through it, we could see a swift move to $16.25, the next logical target.
• Weekly Chart: But here’s where it gets even more intriguing. When you zoom out to the weekly timeframe, LINK trades within a falling wedge—a bullish pattern that typically signals potential for significant upward movement. What’s particularly interesting is that the upper trendline of this wedge is just slightly above the $13 resistance.
This alignment means that if LINK can break through both resistance levels—the $13 mark and the upper trendline of the wedge—the price might not stop at $16.25.
Instead, we could be looking at a rapid move up to $22.
This is a setup worth watching closely. Keep an eye on these levels! 🚀
I'm Ben. Crypto lover, trader, and coder.
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I'm Ben. Crypto lover, trader, and coder.
Join my free newsletter for insights and the hottest trade setups every weekday!
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🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
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🔥 For exclusive content: newsletter.bencrypto23.com/exclusive
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.