Good night
$LINK is currently in a pretty clear squeeze on the 4H chart. After dropping from the 15.50 area, price has been making higher lows while facing repeated selling around 14.40.
Basically, the price is moving toward the tip of a triangle.The levels I’m watching
14.40 → upper side of the formation
15.60 → important resistance after a breakout
17.00 → next resistance
18.50 → upper resistance area
On the downside, 13.00 is the key level. Below that, we have 11.80 and 10.50.
Momentum isn’t particularly strong yet either. RSI is around 44 and MACD has turned negative
$LINK is currently in a pretty clear squeeze on the 4H chart. After dropping from the 15.50 area, price has been making higher lows while facing repeated selling around 14.40.
Basically, the price is moving toward the tip of a triangle.The levels I’m watching
14.40 → upper side of the formation
15.60 → important resistance after a breakout
17.00 → next resistance
18.50 → upper resistance area
On the downside, 13.00 is the key level. Below that, we have 11.80 and 10.50.
Momentum isn’t particularly strong yet either. RSI is around 44 and MACD has turned negative
