Bouncing off of Lower symmetrical triangle support
Link is currently bouncing off its macro symmetrical triangle support after its tumble caused by bitcoin price action. If link can close above $26.75, the macro pattern's bullish target can continue. This target maxes out around $65-71 when considering the largest gap on the triangle pattern. A conservative rally that continues the ascending channel would price link at $41 instead. Link will go either patch depending on the market outlook and movements of bitcoin.
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.