maar3k

LINKUSD possible descending channel breakout incoming

KRAKEN:LINKUSD   Chainlink
The price has been moving in a small descending channel. The area to watch is marked with green on the chart, if we have a strong breakout @ 1.5 area then I'm expecting more upside. The main targets in that case remain the same as in my previous analysis (with minor corrections). That is, of course, if BTC behaves. In my opinion RSI supports my idea of more upside, as there seems to be some power left (also marked with green on the RSI chart).


Good luck trading and stay safe!
This is not a financial advice.
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