"Simplicity is the ultimate sophistication."-Leonardo Da Vinci-
LINK/USD
- Looking very closely at CHAINLINK these days as it has previously just broke to new ATH and currently seems to be on the verge of retesting Weekly resistance at 23$.
- Having successfully reached new ATH previous weeks we where expecting some kind of consolidation pattern or a continuation to the upside, something which has come with huge volatility.
- LINKUSD retested previous support levels at 19$ and 17$ and followed with an explosive move back to 22$.
- A failure to break current resistance levels will undoubtedly push us downwards towards Weekly Support levels at 19$ and 17$ or even lower.
Remember, nobody can predict the price of cryptocurrencies accurately and anybody claiming the opposite is probably trying to claim your attention and your money. Predicting the price of cryptocurrencies is akin to predicting the weather; the further into the future you try to predict, the bigger the deviation and error rate will be. This is due to the fact that in a complex system involving thousands of variables, some which are know and others which remain unknown, an accurate prediction can only happen if every single variable is correctly accounted for.
Chad trader from ClearThoughtCrypto