LINKUSD - 17$ Support retested with huge move towards previous resistance at 23$.

in LeoFinance • 4 years ago
"Simplicity is the ultimate sophistication."

-Leonardo Da Vinci-

LINKUSD22012021.png
LINK/USD

  1. Looking very closely at CHAINLINK these days as it has previously just broke to new ATH and currently seems to be on the verge of retesting Weekly resistance at 23$.
  2. Having successfully reached new ATH previous weeks we where expecting some kind of consolidation pattern or a continuation to the upside, something which has come with huge volatility.
  3. LINKUSD retested previous support levels at 19$ and 17$ and followed with an explosive move back to 22$.
  4. A failure to break current resistance levels will undoubtedly push us downwards towards Weekly Support levels at 19$ and 17$ or even lower.

Remember, nobody 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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#cryptocurrencies #chadtrader #free #economy #technicalanalysis #chainlink #leofinance
4 years ago in LeoFinance by
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     4 years ago  

    Looks like grayscale might be buying up link soon. That would be a huge catalyst.

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     4 years ago  

    Hey thank you for the comment and information! Any chance you could share some more information or a link about grayscale and CHAINLINK? I'm going to look into it through google anyways so thank you!

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     4 years ago  

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