Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of Chainlink.
In the daily chart (1D), LINK/USD has recently received support from the three key moving averages (30-day Moving Average, 90-day Moving Average, and 360 Moving Average) and has rebounded:
So, this is an initial signal of a potential uptrend renewal.
Moreover, in the 4-hour chart (4H), LINK/USD has exited the Bullish flag and has resumed the uptrend:
Theoretically, we can use the height of the flag pole to set the next price target. So, if the bullish sentiment remains in place then LINK/USD will easily reach $48,74.
To be continued ...
As of the time of writing, one LINK costs $32,21 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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