ChainLink Ready for another Leg Up

19 thg 2, 2021

LINKUSDT Ready for another leg up

ChainLink has broken out of the symmetrical triangle on the 4 hr timeframe and is now re-testing the breakout resistance line. The resistance line is appearing to have now flipped into support. If the support line maintains then we can expect another leg up for Link.

Take profit targets are as follows:
TP1: $35 to $38
TP2: $40 (1.618 Fib extension target of the breakout)

Entry around $33 to $34.4

Stop loss $31 - Major support on the 1 hr and 4 hr timeframes

Good luck