Link was one of the first altcoins to move during the early days of this bull market and has largely stalled since. This has caused sentiment to shift negative, as impatient traders call it “dead” and ask why it refuses to rise. They have short memories.
As you can see, LINK is still working on flipping key former resistance (the blue zone) to support. Last week’s candle was a beautiful dragonfly doji with a long wick down and small bodu. This is a reversal candle, right through that key support. A bullish candle this week would confirm a likely reversal. Perhaps it is time for LINK to move again, we shall see.
As you can see, LINK is still working on flipping key former resistance (the blue zone) to support. Last week’s candle was a beautiful dragonfly doji with a long wick down and small bodu. This is a reversal candle, right through that key support. A bullish candle this week would confirm a likely reversal. Perhaps it is time for LINK to move again, we shall see.
scott.melker@texaswestcapital.com