Looking at our trend timeframe we see price has recently broke out of its descending pattern, showing momentum was in favor of bulls currently at a temporary pause. LINK has found resistance at 5000, expecting a retracement towards 4200. Will be watching smaller timeframes for entries.
Shifting over to our pattern timeframe we see LINK has broke out of its descending pattern, and is now looking to retest our horizontal and dynamic support at 4000. showing momentum in favor of bears with no signs of reversal. A daily close above 5000 activates our trade, however if rejected at this level expect a sell off towards 3000.