So Link has been one of the best performing coins all around during this last bull market.
Now with general slowing down of the market, we might have a small breakdown towards a previous area of support from $14 to $12
That area could work as a pretty strong support, or might even work as a range for a while as we being another accumulation stage in that area.
Anyway I'm looking for the triangle to breakdown before a very short accumulation stage.
The GMMA shows that both longer term and shorter term traders are starting to agree on price and on the direction of the market (a short term downturn)
As both their EMAS groups are closing togher and acting as resistance.
Now with general slowing down of the market, we might have a small breakdown towards a previous area of support from $14 to $12
That area could work as a pretty strong support, or might even work as a range for a while as we being another accumulation stage in that area.
Anyway I'm looking for the triangle to breakdown before a very short accumulation stage.
The GMMA shows that both longer term and shorter term traders are starting to agree on price and on the direction of the market (a short term downturn)
As both their EMAS groups are closing togher and acting as resistance.
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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.