Technical Analysis LINK (+ 18.39%), BTG pulls up HALVING (+14.5%)
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[LINK / USD] In 2020 to present value: + 82.8%
In today’s analysis, we look at LINK, which reached a high of $ 4.98 in 2020. This year, however, also experienced a decent fall to low at the price of $ 1.35. But at the moment the situation is different and for 2 weeks we have seen (not only on LINK) growth up to the current price of $ 3.23. As we can see in the graph, we broke the resistance at $ 2.56. Currently, the closest resistance is at $ 3.28.
Support will arise from the former resistance at $ 2.56 – 2.7. Apparently the graph will see a slight decline to $ 3.2 to confirm resistance, and this confirmation should bulls fall even lower. We predict again the price below 3 USD and subsequent growth. For 2020 we see 82% appreciation on Link, which ranks it among the best alcoins in 2020 in terms of price growth.
[BTG / USD] In 2020 to present value: +82.16%
BTG is also doing well this year. Its current value is 82% higher than when it entered this year. Of course, such appreciation is not a coincidence, but is mainly behind the halving, which will occur in just 8 days. The most important halving we are all waiting for – bitcoin halving should happen on May 14, 2020.
We see the current values at $ 9.46. Following the pattern of BCH and BSV growth in HALVING, we could expect growth on BTG as well. The closest resistance values will be at $ 12.2 and then at $ 14.45. We see support on the current support line at $ 7.95 (blue), which is the underside of the triangle.
