LINK H&S potential
2024-12-30
Category: None

COINBASE:LINKUSD  has a well defined head & shoulders forming.  Around 19.90 is the key level to watch here as it would confirm the H&S and also invalidate the bullish pinbar that formed on Dec. 20th.  The target for this pattern is around 13.50.  Major support also sits at around 9.50, so I consider the support zone essentially being anywhere between 9.50-13.50.  This would be an attractive area to start looking at going long again.