Chainlink has been gaining in price since the start of 2021, along the likes of Cardano (ADA) and Polkadot (DOT). Since this most recent drop down, the bottom and the timing of the reversal was up in the air and uncertain until very recently where LINK regained the 1.0 Fibonacci Support level at $30.4564.
From here, i'm expecting Chainlink to hit the local high at $34.1941 before pulling back a bit and offering a possible retest of the 1.0 Fib support before moving up towards the 1.618 Fib resistance level at $37.90.
LINK is in a bullish momentum going long and has almost fully reversed itself after the dump down late February.
From here, i'm expecting Chainlink to hit the local high at $34.1941 before pulling back a bit and offering a possible retest of the 1.0 Fib support before moving up towards the 1.618 Fib resistance level at $37.90.
LINK is in a bullish momentum going long and has almost fully reversed itself after the dump down late February.
