LINK - holding nicely despite fear on the market
The current Coin Market Cap ranking is #17, with a live market cap of $12 billion USD.
Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now.
W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period.
In my bearish outcome LINK could retrace to W support level ( approx. 30% down form current price) and if BTC dumps even more it may happen.
LINK is one of my longest holding and despite small ROI in crypto space I'm not planning to sell it any time soon.
On picture in comment you can see LINK Circulating Supply chart which finally shows that new coin inflow is paused (from team probably).
In bullish outcome I expect LINK to breakout upper trendline during February.
Despite recent dump, fear etc. on the market LINK is holing well. My chart setup is practically untouched for months now.
W support is clearly great buy area, and current resistance in correlation with BTC dump is too strong in short time period.
In my bearish outcome LINK could retrace to W support level ( approx. 30% down form current price) and if BTC dumps even more it may happen.
LINK is one of my longest holding and despite small ROI in crypto space I'm not planning to sell it any time soon.
On picture in comment you can see LINK Circulating Supply chart which finally shows that new coin inflow is paused (from team probably).
In bullish outcome I expect LINK to breakout upper trendline during February.