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Bitduke
Mar 7, 2020 8:04 AM

LINKUSD: Ranging  

ChainLink / US DollarBinance

Description

LINKUSD is ranging between $4.8 - $4.55.

There're significant amount of asks in upper zone from $4.7, but not too much bids near $4.55.

I can assume that if BTC will go below $9000 - link will dump to $4.5 - 4.4 as well.

I'm trading this range right now, but carefully, because as you can see each next pullback is weaker and support/resistance were tested several times.


Information is just for educational purposes, never financial advice. Always do your own research.

Comment

LINKUSD heat map: i.imgur.com/IV3tZzu.png

Comment

Aaaand it crashed after bitcoin, stopped at $4.4 support zone as expected.

Waiting for a daily close. Interesting what's next;
break resistance to get back in range to or the price will be rejected

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