tradermillz
Short

Will LINK bounce here? Or Will we see $1.00 LINK??

BINANCE:LINKUSD   ChainLink / US Dollar (calculated by TradingView)
I see possible bullish and bearish scenarios here.

Refer to chart for scenarios.

Important to note I believe this depends on 2 factors.

One being the health of Bitcoin & 2 being the release of LINK staking.

Release of staking I think will see LINK bullish and push for possible ATH , and decoupling from BTC in the process.

Bitcoin going sub 6.5k and possibly into the 5's is where I see the bottom of LINK taking place at around $1.00.

I'm going to have to lean my bias more towards short here, and I think the latter of the two is more likely, that we see some of these lower targets tested.

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