LINK-4h. The critical point is $ $22.3-22.8 and falling to $17.
Three attempts to break the range of $22.3-22.8, which buyers made in the period from 16 to 19 January did not work. It was this range that did not allow the LINK price to accelerate the trend and gain a kept above the white growth channel.
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On January 19, low-volume buyers tried to take control of the range. However, the attack ended in a failed high and a local prices reversal. If this scenario is repeated and buyers do not increase aggression - the $20.3 mark will be threatened.
Having lost it, buyers will be forced to retreat to the range of $17-18. Globally, the correction can be much deeper. Check out our global LINK idea:
If Buyers can take control of the range of $22.3-22.8 - after fixing the price, the next target is $28.5.
____________________________
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!
Thus, the LINK market has stopped consolidating, and now the price is trying to re-test the range of $22.3-22.8.
On January 19, low-volume buyers tried to take control of the range. However, the attack ended in a failed high and a local prices reversal. If this scenario is repeated and buyers do not increase aggression - the $20.3 mark will be threatened.
Having lost it, buyers will be forced to retreat to the range of $17-18. Globally, the correction can be much deeper. Check out our global LINK idea:
If Buyers can take control of the range of $22.3-22.8 - after fixing the price, the next target is $28.5.
____________________________
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!
🎁 -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.