/biz/ - Business & Finance

>>25650808
Your chart is poorly drawn, we are actually touching the green resistance line. Retards in here don't realize that every one of those lines could have been drawn in over a month ago and LINK is obeying and acting within them to this day. Demoralized faggots and nolinkers are fudding but the reality is that we are on our way back to 20 and beyond
>pic related
You can see that we are touching the top of the price channel, two things are most likely to happen:
>break out and head towards 20, meeting probably some resistance at the whole numbers 18 and 19
>fail to break out and retrace back to the blue line (which will likely be intersecting the bottom of the price channel at the point that the price touches it) before the next run up to the top of the price channel
Third less likely option:
>rejected breakout, fall below the blue line and break down from the price channel potentially creating another downtrend like the one in my yellow line
This is the least likely scenario just due to how fast this bull market is going, but it is still possible. Anyway as you can see from my chart, these lines aren't drawn the way they are because of LINKs price action, LINKs price action rather is following these lines. I know TA memelines might seem like schizo bullshit, but simple things like price channels and support/resistances are historically very predictive of an assets price behavior. Right now instead of being a bunch of demoralized faggots how about you just be glad LINK is behaving in some reasonable and predictable way. You don't want to waste too much of the pump still being under $20, the reason we pumped so hard after breaking $5 is because it was such a slow crawl up that the buy pressure exploded upwards. It's best that it slowly crawl to 20 dollars and break out since once we get past that there are no predetermined resistances, the sky can be the limit especially in a bull market like this. Just let the meme lines do their thing.