LINK made a good move in short term , and closed above EMA 200 , wait for broke the main trend to continue bull run
only touch the price that's not a signal to enter its should be close above the 20$ in 4H
Link is moving in the parallel channel. Link takes around 137 days from its bottom to make next top, So by that calculation the next top for link at the peak of the parallel channel comes out to be around $100 by DEC 2021
". There is a possibility of temporary retracement to the suggested support line (23.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. LINKUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
- Chainlink price shows a successful flip of the $30.79 resistance into a support level.
- The retest of $30.79 adds credence to the upswing narrative and promises a 25% rally to $42.88 with a brief pause at $36.34.
Chainlink Trend Channel, Support, and Resistance
Squeeze momentum indicates low momentum, decreasing volatility, and shorter red bars.
Recently tested the previous Resistance making it a new Support.
Possibly a good opportunity for a LONG position!
. There is a possibility of temporary retracement to suggested support line (44.440).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
. LINKUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...