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Wednesday

20 January 2021

Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $13.5

Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $13.5


smart summary beta

The price even spiked above the 50% Fib retracement level of the recent drop from the $14.25 swing high to $12.50 swing low.

The triangle resistance coincides with the 61.8% Fib retracement level of the recent drop from the $14.25 swing high to $12.50 swing low.

The next key resistance is at $14.25, above which the price might rise towards $15.50 and $16.20.

If there is a downside break and close below the triangle support zone, the price could revisit $12.50.

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