Today we bring to your attention an overview of the LINKUSDT pair and possible scenarios for the future.
After the $53 high, there was a crypto market drain in May, which plummeted the LINK price by -70% to $15.00. The strait was so strong that the previous high of about $20 didn’t even stop the price drop. In June 2021, a drop confirmed that there is a group of buyers willing to buy LINK at $15.00.
In recent days, sellers pushed the price of LINKUSD below $15.00 to $13.50, but this happened on weak volumes. That is, the stops of those who gained $15.00 were not affected. Or at $15 was bought by investors who enter the position with a grid from strong levels and without stops, with expectations that there is a strong growth ahead?
For this assumption to be confirmed, buyers should not let the price drop below $12-13. It is there that the intersection of a strong level and a dynamic channel is located, from which, according to history, growth began earlier.
The growth path can be of two types: 1) Recoilless (white) with top target about $34 2) With corrections (blue): $13 — ($18.5-19.50) — $14 — ($24.50-26) Here it will be necessary to follow the market, what dynamics it will move
If the BTC price continues to drop below $28,000, then it is very doubtful that the Linkchain token price will be kept in the $ 12-13 zone. Below this zone, the target for long buying is $8.20-8.80 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)