LINKUSD - Breakout towards ATH, watch out for a retest of previous resistance/support levels.

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Avatar for ChadTrader
3 years ago

LINK/USD

  1. I wanted to bring back the LINK/USD charts and share this explosive move LINK has just achieve breaking previous resistance levels at 17$ and even 19$.

  2. Having successfully achieved a new ATH we should see some continuation pattern to the upside which may include some kind of retest of previous resistance levels which are now acting as support at 19$.

  3. Decided to add some daily resistance/support levels which may play an important part in the coming days as we either continue going upwards to 25$+ or maybe consolidate just below Daily Resistance at 23$ for the coming days before actually having any kind of breakout.

  4. A failure to break current resistance levels will undoubtedly push us downards towards Weekly Support levels at 19$ and 17$ or even lower.

Remembernobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.

Chad trader from ClearThoughtCrypto

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