LINK Price action maintains a sideways trend in the weekly chart.
The recent 60% recovery within the channel faces resistance above $8.
Since last October, prices are yet to close above and test the resistance trendline.
However, the prices are yet to close above it.
If the prices manage to close above $8, Link prices can jump to $8, we can expect it to reach $9, close to the resistance trendline.
On the flip side, an evening start at $8 can restart a bear trend.
The recent 60% recovery within the channel faces resistance above $8.
Since last October, prices are yet to close above and test the resistance trendline.
However, the prices are yet to close above it.
If the prices manage to close above $8, Link prices can jump to $8, we can expect it to reach $9, close to the resistance trendline.
On the flip side, an evening start at $8 can restart a bear trend.
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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.
Disclaimer
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.