LINK on the weekly has confirmed a double bottom formation right at the 0.786 Fib level.
Remember, this Fib level is the last major support — so price is basically at bottom levels.
Last week closed above the weekly 200MA.
The next resistance zone is the BB center line and the 50MA.
If price clears this zone, it could push toward the 0.618 Fib level.
Always take profits and manage risk.
Interaction is welcome.
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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.