Chainlink(LINK): We Got Rejection (11% Dump)
Updated
Following the link previously, we see how nicely it has been dumping so far.
With 11% of market price movement, we see prices reaching that 100EMA, which is mandatory to be broken for further movement to lower zones here!
Swallow Team
With 11% of market price movement, we see prices reaching that 100EMA, which is mandatory to be broken for further movement to lower zones here!
Swallow Team
Comment
After daily touch to that 100EMA price, LINK has bounched off from there, indicating a potential correction to upper zones (perhaps towards middle line of Bollinger Bands)
We are still seeing a nice downward movement here, so we are keeping an eye out for sure!
Comment
Link is looking weak currently, and the price seems to be going back for that 100EMA (to test it)
Upon breaking it and the support zone we have, we will most likely see a nice downward movement here, for sure!
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