LINK-4h. Consolidation continues. The next target 14.5.
Yesterday's BTC fall did not allow LINK buyers to consolidate above the important range of $13.3-13.49.
The triangle that formed above this range broke down. As a result, sellers continued consolidation in the wide range of $11.6-14.5. The test of the lower limit of consolidation passed without increased volumes and aggression of sellers. Buyers are now preparing for a new local growth wave as part of the consolidation.
However, if BTC continues its correction - it will provoke a break of the LINK price of $11.6. In this case, we described the goal of the sellers in our last medium-term idea.
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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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The triangle that formed above this range broke down. As a result, sellers continued consolidation in the wide range of $11.6-14.5. The test of the lower limit of consolidation passed without increased volumes and aggression of sellers. Buyers are now preparing for a new local growth wave as part of the consolidation.
However, if BTC continues its correction - it will provoke a break of the LINK price of $11.6. In this case, we described the goal of the sellers in our last medium-term idea.
_________________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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🎁 -20% on ALL trading fees OKX
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
Related publications
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.