ðĨ LINK Bullish Channel: Reversal Or Break Out?
LINK has been lagging the market a little. A lot of tokens are seeing substantial gains, but not LINK.
Since the September lows, LINK is trading in a tight bullish channel pattern. With the market showing exceptional strength lately, there's a decent chance that LINK will break out of this channel pattern in the near future. In that case, I'm looking at the $32 resistance for a short-term target.
However, keep in mind that a minor correction is currently on its way, which could send LINK down. In that case, keep an eye on the channel support line for a potential reversal trade.
Happy trading!
Since the September lows, LINK is trading in a tight bullish channel pattern. With the market showing exceptional strength lately, there's a decent chance that LINK will break out of this channel pattern in the near future. In that case, I'm looking at the $32 resistance for a short-term target.
However, keep in mind that a minor correction is currently on its way, which could send LINK down. In that case, keep an eye on the channel support line for a potential reversal trade.
Happy trading!
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