Link is at a critical juncture right now. That last divergence in the RSI had to play out and has sent LINK coming down after busting up out of the triangle. However, it has come down and broken the triangle to the downside. Instead of barreling down and confirming a large down move, we have found support at this EMA here. BTC and the rest of the market also seems to be finding support at the moment. If we do indeed have a breakdown, I would imagine that we will see it go down to $2 before rallying back up to hit out $4.50 target. At this juncture we'll want to monitor it and possibly book profits with a new buy in target around $2.
Watch this area and the market as a whole, if we start rebounding, we'll get our move to $4.5. If we start waivering or even moving sideways from here, we'll most likely see $2.
Best of luck trading and hodling,
-Sherem
Watch this area and the market as a whole, if we start rebounding, we'll get our move to $4.5. If we start waivering or even moving sideways from here, we'll most likely see $2.
Best of luck trading and hodling,
-Sherem
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For those wondering about when LINK will have a sharp rebound. Key word SHARP rebound, we need to watch LINK ETH
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