$Link has been a strong-gainer in recent months as it's a clear crowd favorite. This means there is serious demand. However it is experiencing slight selling pressure at the moment which will print a price re-tracement down to find support. This price correction can be indicated through the RSI trend-break on the 4HR.
The TA:
4HR:
The 50EMA & 100EMA have been extrapolated to accurately forecast future potential buy-in opportunity. Suggesting between $2.9-$2.8.
1HR:
The bollinger bands are widening which suggest more volatility is to be expected. As suggested I'm expecting a short push-up into the previous support we have broken in which will now act as resistance.
Please like & follow if you have found my work helpful as always.
Thanks :)
The TA:
4HR:
The 50EMA & 100EMA have been extrapolated to accurately forecast future potential buy-in opportunity. Suggesting between $2.9-$2.8.
1HR:
The bollinger bands are widening which suggest more volatility is to be expected. As suggested I'm expecting a short push-up into the previous support we have broken in which will now act as resistance.
Please like & follow if you have found my work helpful as always.
Thanks :)
Comment:
Perfect drop into the support. I hope you who found value in this trade have gained a solid entry :)
