Today the Black Cat Trader is analyzing LINKUSDT based on a weekly chart (Log).
What we can see :
We can clearly identify an ascending channel which is working perfectly since may 2019. From each of the swing lows to the swing highs the price increased about approximately 900%. Recently (August 2021) the bullish crossover on the MACD seems to gave a us the signal that LINK is ready to take off to meet the upper channel line.
What we can expect :
According to this pattern, and the informations the price already gave us, the next swing high could top at approximately 130$ at the end of this year (2021). This analyse could only work if the bull market is still in place !
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