LINK is currently sitting on a Key Support around $13.5x.
The bounce looks "Corrective" rather than "Impulsive".
So another leg down seems likely, going below $11.2x.
Bulls can avert a big drop by holding 13.5x
Bears can accelerate by piercing 13 round.
Price action at each key level will give clues.
This is a follow up these recent plots:
.
Importance of $11.25:
.
Bottom at $7.25
The bounce looks "Corrective" rather than "Impulsive".
So another leg down seems likely, going below $11.2x.
Bulls can avert a big drop by holding 13.5x
Bears can accelerate by piercing 13 round.
Price action at each key level will give clues.
This is a follow up these recent plots:
.
Importance of $11.25:
.
Bottom at $7.25
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag