Link has broken out of its descending channel earlier than expected.
Possible Elliott wave formation here. We are seeing rejection at ATH resistance around $26.00
Rejection from ATH resistance & retest trend support (old channel resistance) is possible here.
If blue trend support holds we can seek to complete the 5th wave and seek new all time highs.
Major support cluster sitting around $20. Expect to see heavy demand get filled.
I personally believe LINK is super bullish above $17. Not financial advice.
Previous Setup :
Possible Elliott wave formation here. We are seeing rejection at ATH resistance around $26.00
Rejection from ATH resistance & retest trend support (old channel resistance) is possible here.
If blue trend support holds we can seek to complete the 5th wave and seek new all time highs.
Major support cluster sitting around $20. Expect to see heavy demand get filled.
I personally believe LINK is super bullish above $17. Not financial advice.
Previous Setup :
