LINK/BTC - Likely to see more days of consolidation
It looks like LINK/BTC will need a few more days before the cryptomarket will decide its next movement. Like QSP, there is a strong support level at the Fib50. The support of the triangle is at that level and has been tested 3 times over 4 days. Given that the triangle is reaching out longer, it might happen that future support will be slightly higher. Keep you LINK/BTC or buy at the lows. Please also note that the price might not go over the 30 EMA before the bulls take over.
Please see chart!
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: www.binance.com/?ref=119558...
*You are the decision maker in your trading, I cannot be held responsible for your losses
Please see chart!
*Binance is a growing exchange that is user friendly and does not require documentation if you trade less than 2BTCs. As it has just been launched it has reduced the trading fees to 0.5% if you have a small number of their coin ( BNB 0.00% -0.35% -0.35% ) in your wallet. Registration is recommended and using my referral link is highly appreciated: www.binance.com/?ref=119558...
*You are the decision maker in your trading, I cannot be held responsible for your losses
Comment:
As expected, the price did not pass the 30 EMA. It will find support around the 7300 support level @Fib50
Comment:
Market reacts faster than expected!