LINK has been consolidating for nearly 9 months since May 2022. In the rising market in early 2023, it did not go out of the consolidation range. At present, LINK has broken through the resistance price of 7.816.
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After LINK broke through 7.816, it formed a inverse H&S, and we can focus on the upper target:
8.743
9.030
9.317~9.483
If the closing price is higher than 9.483, it will break through the consolidation range.
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At present, it is more appropriate to deploy LINK on the spot or with low leverage. After breaking through the consolidation range, it is expected to have an increase.
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Stop loss price: 5.25
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After LINK broke through 7.816, it formed a inverse H&S, and we can focus on the upper target:
8.743
9.030
9.317~9.483
If the closing price is higher than 9.483, it will break through the consolidation range.
-
At present, it is more appropriate to deploy LINK on the spot or with low leverage. After breaking through the consolidation range, it is expected to have an increase.
-
Stop loss price: 5.25
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LINK has a potential double-top pattern in the 4-hour period. If the close price is lower than 7.301, pay attention to the targets of 6.889, 6.602 and 6.315.