7x height in the foreground? This chart hints chainlink (link) is ready for an explosion
ChainLink (Link) can be about to explode after years of quiet monotheism on the monthly graph. The new analysis indicates that the association price may prepare for the massive penetration on the monthly time frame. The pattern often leads to large and long -term moves.
At the time of publication, the link price was trading about $ 13.94, indicating signs of early strength while pressing the main resistance level.
Series of Series Series Tour
according to FX CliftonWho participated in his detailed analysis on X, reveals the monthly chart of Chainlink (Link/USDT) about a similar triangle that develops more than three and a half years. This composition consists of close trend lines: one of them descends from the height of LINK at all about $ 53 and one ascending from its lowest levels in the market.
This type of style, called a Similar triangleOften indicates a great outbreak on the horizon. Since it is formed on the monthly time frame, the risks are higher. Clift FX emphasizes that when such structures are broken on this scale, they tend to raise strong long -term price movements.
In the case of LINK, the price has been held within this narrow range since mid -2011. Now, the latest monthly candle is pressed against the upper resistance line, which suggests that the decision point will come soon.
$ 100 target on the horizon of the link price: Can a delivery series be delivered?
Clift FX involves that if Chainlink succeeds in breaking the triangle resistance, the bullish target may be about $ 100. This goal is not random> it is calculated by measuring the height of the triangle from one base to another and applying that distance to the penetration point. Given that the base ranges from about 5 dollars to $ 53, the penetration can carry a realistic correlation near the triple numbers.
In his position, the FX Clifton stated, “A $ link is preparing to seize the monthly time frame … In the event of upscale collapse, the next target area may be $ 100.” His feelings capture the increasing excitement within the SAINLINK community, where the association price approaches a possible turning point.
Also read: How high KASPA (KAS) is in this bull run? Yazan analyst
At the time of the post, LINK maintains more than cash support and shows early emerging signals, although the full confirmation will require a strong monthly candle over the resistance direction line, perfectly supported by the volume of heavy trading.
The price of Chainlink has been built for years of pressure inside this total style, and all signs now indicate an imminent solution. If the penetration occurs during the Clifton FX warning, LINK will not only reconsider its highest old levels, but also enter an unknown area towards the level of $ 100.
Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Get all our future calls by joining A free telegram group.
We recommend etoro
The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.
