Supply is beginning to be absorbed. If we can resume upward from here, and get above the closest resistance that price just bounced down off, then LINK should gain on ETH again.
There could still be a more solid move downward before a spring up, and that would be an even better entry depending on the strength of it.
I will post again if that happens and is a good setup. Otherwise if it doesn't look good I will update this idea with why I didn't take the trade.
Good luck!
Please consider donating a few Gwei if you enjoy my charts and find them helpful :) 0xf611624408DB83923979Fc2cBd88D6965594fb31
There could still be a more solid move downward before a spring up, and that would be an even better entry depending on the strength of it.
I will post again if that happens and is a good setup. Otherwise if it doesn't look good I will update this idea with why I didn't take the trade.
Good luck!
Please consider donating a few Gwei if you enjoy my charts and find them helpful :) 0xf611624408DB83923979Fc2cBd88D6965594fb31
Note
Looks like the second chart didn't show, but there is a similar but smaller structure on LINK/BTC chart 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.