LINK Testing Critical Resistance, Surge to $16.50 Coming?
One the 1D LINKUSDT chart, LINK marines are currently retesting the psychological $13 level (blue bar) for the 9th time since November 7.
As we can see, the asset has been tracking inside a rising channel (blue channel) for a few months now and is consistently printing higher lows. We can also see the Fibonacci levels have been getting clear reactions (red boxes), particularly as support regions.
There are 3 main resistance areas to observe if bulls manage to close above $13:
PT1: $13.69 - the 0.5 Fibonacci level.
PT2: $15.21 - the 0.618 Fibonacci level.
PT3: $16.50 - Key daily resistance.
If the breakout is unsuccessful, however, then the following support levels will likely be around:
S1: $12.17 - the 0.382 Fibonacci level.
S2: $11.77 - key S/R level.
S3: $10.29 - 0.236 Fibonacci level.
As we can see, the asset has been tracking inside a rising channel (blue channel) for a few months now and is consistently printing higher lows. We can also see the Fibonacci levels have been getting clear reactions (red boxes), particularly as support regions.
There are 3 main resistance areas to observe if bulls manage to close above $13:
PT1: $13.69 - the 0.5 Fibonacci level.
PT2: $15.21 - the 0.618 Fibonacci level.
PT3: $16.50 - Key daily resistance.
If the breakout is unsuccessful, however, then the following support levels will likely be around:
S1: $12.17 - the 0.382 Fibonacci level.
S2: $11.77 - key S/R level.
S3: $10.29 - 0.236 Fibonacci level.
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