LINK/BTC
LINK is potentially painting the same scenario of a bullish bounce last Sep when the price bounces back above the 200 Day MA and broke the trend-line resistance.
The market trend changes and completely sky-rocketed over 150% last time. Is LINK going to copy the same trend again? Well, technically is still possible if LINK will finish strong,
erasing this trend-line resistance. Challenging to retest the swing High at 35k sats area is the long shot for the bulls. I'm currently in favor of the Bulls as we can the 200MA is acting as dynamic support
and we have a nice RSI divergence to the upside. If you are playing a Long position, you can place your stop-loss below swing Low at 24k sats or just underneath 200MA.
LINK is potentially painting the same scenario of a bullish bounce last Sep when the price bounces back above the 200 Day MA and broke the trend-line resistance.
The market trend changes and completely sky-rocketed over 150% last time. Is LINK going to copy the same trend again? Well, technically is still possible if LINK will finish strong,
erasing this trend-line resistance. Challenging to retest the swing High at 35k sats area is the long shot for the bulls. I'm currently in favor of the Bulls as we can the 200MA is acting as dynamic support
and we have a nice RSI divergence to the upside. If you are playing a Long position, you can place your stop-loss below swing Low at 24k sats or just underneath 200MA.
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