LINK has been trending down for the past few weeks. A support level in the $5.75-$5.85 range caused only one downtrend correction, and it was broken again as sellers took strength. On the other hand, a downward trend line is considered on the chart, and if this resistance is broken, we can expect the price to grow to the ranges of 6.5 and 7 dollars. But if the selling pressure continues, we can expect another bearish wave to form to the $4.3 range.
There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
There is a confirmed twin bottom pattern at $5.45 in the 4-hour time frame, where we can at least expect price growth to continue up to the $5.75-$5.85 resistance. The point is that meeting this resistance can be accompanied by a strong reaction, which this week we can consider a range trend at best for LINK.
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