LINK - Ascending Channel breakout price predictions- 01/30
Link is in an ascending channel and price is currently approaching the lower trendline of it, meaning it will could bounce up towards the upper trendline (Target 1), even potentially breaking out of the channel and bounce still higher (Target 2 - similar to what UNI just did), OR it could breakout below the channel (Target 3 Bearish prediction). As we are in a bull market I'm guessing it will stay in the upward channel, though breaking below is still a threat - Notice the MACD crosses on the daily chart it! If a breakdown occurs I think it would probably recover relatively quickly like it did with the previous breakdown, and I ultimately remain bullish.
*I am not a financial advisor*
*I am not a financial advisor*
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