RLinda ! LINKUSDT-> Consolidation formation near resistance

9 Feb 2023

LINKUSDT is forming a pre-breakdown consolidation before the resistance area of 7.380, but at the same time the price is forming numerous retests of downward resistance. What to expect from the price?

As we can see, the coin is gaining energy, but what is remarkable is that there is no decline. The price is slowly climbing towards the resistance at 7,380 and at the same time it is forming a consolidation. This maneuver might snag the resistance and break it soon, and the consolidation will only push the price to 8.210.

I expect a breakdown of resistance at 7.380, and the formation of medium-term potential for a trend change. Ahead is resistance 7.380, breakdown of which will determine the way to 8.210 as a short-term target, and then to 9.50.

Regards, R. Linda!

10 Feb 2023

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