(You can find this article by visiting my profile and searching for LRCBTC )
Here we have ChainLink ( LINKBTC ) bouncing off this exact same level, on a cycle, which can signal that the retrace is over and this pair can continue to grow.
levels based on Fibonacci proportions are marked on the chart.
The bulls have the upper hand.
Conditions for change
We look at lower prices only if LINKBTC move and closes below EMA50.
Any trading above EMA50 and we remain strongly on this altcoin pair.
Thanks a lot for reading.