LINK has recently broken out of the descending wedge pattern that it has been trading within for over a month. After the break out occurred, LINK had to re-test the wedge resistance as support and has now seemingly confirmed the break out.
Once we see a move above ~$28, we can expect the bulls to take over and potentially launch the price upward toward $30 and beyond.
The main target for the current break out is placed at $31.5, second target at $36. Let's see what LINK has in store for us in the coming days.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.