Will these top performers track BTC/USD lower or does their chart suggest higher levels in the next few days? Let's find out.
LINK/USDChainlink has again made it to the top 5 performers' with a rally of about 35% this week.
Contrary to our assumption, if the bulls fail to sustain the price above $4.5826, a few days of consolidation or a minor pullback is likely.
If the price dips down from the current levels, its first support is at $2.78092340, which is 38.2% Fibonacci retracement level of the recent leg of the up move.
The bulls have pushed the price above the overhead resistance at $235.70.
Our bullish view will be invalidated if the price turns down from the current levels and slips back below $235.70.
If the price sustains above $235.70, it will indicate an advantage for the bulls and the up move is likely to resume.
If the bulls can push the price above the range at $25.23, a new long-term uptrend is likely.
Currently, the bulls are attempting to sustain the price above the overhead resistance at $13.88772.
Conversely, if the bears sink the price back below $13.88772, it will indicate a lack of buyers at higher levels.
Top 5 Cryptos This Week: LINK, HT, XTZ, ETH, NEO
Published on Feb 16, 2020
by Cointele | Published on Coinage
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