LINK price action above 2.5$. Break down EMA 21 periods and was started ABC correction first wave rejection to 2.465$ second B rebound up to 2.788$ and finally C slowly grid down potential to 2.2$.
Pirce action above EMA 50,100,200 still uptrend. Potential retest green support trend line.
Indicators: MACD bearish crossover bellow zero line. RSI bellow 50 points. Bearish sign.
Bearish Volume decreased dont confirm bearish trend reversal, potential only corrention. Bearish volume smaller than bullish volume.
Pattern: ABC correction
S/R: Support at 2.465, Major at 2.2$, Resistance Major at 2.95$, Resistance 2.8$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Pirce action above EMA 50,100,200 still uptrend. Potential retest green support trend line.
Indicators: MACD bearish crossover bellow zero line. RSI bellow 50 points. Bearish sign.
Bearish Volume decreased dont confirm bearish trend reversal, potential only corrention. Bearish volume smaller than bullish volume.
Pattern: ABC correction
S/R: Support at 2.465, Major at 2.2$, Resistance Major at 2.95$, Resistance 2.8$.
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Trade closed: target reached:
LINK achieved 2.2$ level.
