Simple Daily View on Link

22 Nov 2021

LINKUSD

We have all been waiting for the anticipated parabolic rally on Link, Q4 tends to be great for these rallies as we approach the Santa clause rally effect that is usually experienced in mid-December. As you can see in this chart we can see the formation of an ascending triangle. Important factors to note are keeping an eye on the 200 MA as we are currently testing support on it. Additionally, if we continue in this pattern we can anticipate an explosive rally towards the end of Q4 going into Q1 of 2022. My bullish perspective and analysis on the market have not changed as we experience the current pullback in most crypto assets as these pullbacks are a necessity and healthy overall for the market.