Crypto isn't my thing, but I can't act like it doesn't exist - I know some still refuse to believe in the intrinsic value it has but we all have our thoughts and opinions.
LINK has been deteriorating slowly since its last pop - hitting $5.10 and then coming back down slowly where we see it today. I don't see much correlation with BTC recently as the swings in BTC haven't really been noticed in LINK (Pink overlay). I wouldn't pay too much attention to the green "trend" as I wouldn't call it defined yet but it seems to be bouncing off that line lately so want to keep an eye to see if we make a convincing break south.
Really would like to see an increase in volume helping us get up north of the red downward resistance - although this is where Crypto blows my mind is the volatility - be careful is we break and then revert back to the downward trend. The 50DMA seems to be like what's pushing LINK around so the increase in volume (I hope) will help curl that upwards.
BB getting tighter and tighter - us hanging out below the middle line is risky waters for a retest at the $3.25-$3.27 area - assuming we bounce, I'd look to add small lots at that area - IMO.
Definitely a large buyer at $2.50 but not sure what to expect (crypto beginner) or if we get there. My potential areas of Res/Sup added based on bounces and volume numbers but wouldn't count on the support if we get there. One thing I've learned from my trading experience is always be ready and have cash on the side - it's anyones best guess.
GLTA
LINK has been deteriorating slowly since its last pop - hitting $5.10 and then coming back down slowly where we see it today. I don't see much correlation with BTC recently as the swings in BTC haven't really been noticed in LINK (Pink overlay). I wouldn't pay too much attention to the green "trend" as I wouldn't call it defined yet but it seems to be bouncing off that line lately so want to keep an eye to see if we make a convincing break south.
Really would like to see an increase in volume helping us get up north of the red downward resistance - although this is where Crypto blows my mind is the volatility - be careful is we break and then revert back to the downward trend. The 50DMA seems to be like what's pushing LINK around so the increase in volume (I hope) will help curl that upwards.
BB getting tighter and tighter - us hanging out below the middle line is risky waters for a retest at the $3.25-$3.27 area - assuming we bounce, I'd look to add small lots at that area - IMO.
Definitely a large buyer at $2.50 but not sure what to expect (crypto beginner) or if we get there. My potential areas of Res/Sup added based on bounces and volume numbers but wouldn't count on the support if we get there. One thing I've learned from my trading experience is always be ready and have cash on the side - it's anyones best guess.
GLTA