And LINK goes on..

9 Ogo 2020

Four weeks ago I made my latest update on LINKUSD and how it gave a lower buy signal as it always tested its ATH and 1D MA200 before rebounding for a new High:

The current study is basically a continuation of the following idea, as I will try to determine where ChainLink can make its new High:

As you see on the current chart, the dominant pattern is a Channel Up on the 1W time-frame. The current break-out sequence resembles that of June 2019, which 3 weeks after the break-out reached a Higher High on the Channel.

In June 2019 that was on the 3.0 Fibonacci extension. Assuming the rise will be slightly weaker, as was Phase 1, we can expect a High within $24.00 - $30.00. The LMACD is also quite indicative of where we stand.


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