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R.Linda Trading - forecast

LINK → The potential is at +100%. Waiting for a breakout

2024-05-30 09:43 CRYPTO forecast

💡 Ideas For LINKUSDT 🪙

📈 LINK → The potential is at +100%. Waiting for a breakout

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LINK enters a new range, after updating the local maximum, against the background of the general market correction, the coin is declining. Support retest is possible

The resistance at 18.320 plays a key role for the coin. A false breakout and correction is forming. A quick retest of the resistance or a pre-breakdown consolidation will hint that the market is ready to go higher. Now we should wait for a flat support retest and watch the price reaction to this area. A false breakout followed by price consolidation above this area will be a signal for buyers.

Resistance levels: 18.320, 0.618 Fibo (D1)

Support levels: 13.328, 16.60

The fundamentals are quite strong. The bulls need to consolidate above the key zone to make important decisions. The coin has a potential of +100%

R. Linda

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