Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (44.440).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (44.440).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (28.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
....
LINK is in a very dangerous situation when it can dump back to the 7$ zone in early December because it is forming a Wolfe pattern.
We can short LINK with quite small risk compared to the possible return.
LINK may be considered for a bullish if breakout above 13$ and will surely rise sharply to the 18-19$ zone or higher if it crosses over 14$
I expect Link to bounce above 10$ support, otherwise is going to 8$.
If we bounce here, I think is going to 40$.
Link fundamentals are very strong:
1. Top 100 wallets are accumulating
2. Staking is coming
3. DECO acquisition
4. Possible SWIFT announcement
5. The standard oracle network
This is a possibility...
The Content is for informational and entertainment purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. This is not financial advice nor am I a financial adviser. :)
