LINKUSD Short ScenarioMarket is in overall downtrend, but in 1h timeframe we can see an upwards correction, market already formed a main lower high, which means we should see a break of a correction structure, retrace back to it and down a downfall of a price at least to a recent main lower low.
Entry: 7.29 (After break and retest)
Invalidation: 7.98 (Above main lower high)
Target: 5.56 (Main lower low level)
Linkusdanalysis
Link 1D Global Idea, Support and Resistance LevelsYour attention to our global vision on the LINKUSDT chart
At the moment, the price is in consolidation, and the "spring is compressed", there will soon be an impulse and most likely upward.
At the top we have a level of $32.70 - which we consider to be a critical level, near which the future global movement in the LINKUSD trading pair will be decided
If the critical level will break up and consolidation on the level, then there will be all conditions for continued growth to the beautiful level of $44.44 for LINK
The negative scenario is activated if buyers are unable to break the critical level of $32.70 upwards.
In this case, we can expect a significant price reduction.
The downward movement of the price can occur schematically behind the black arrow within the theoretical channel.
The lower target for the decline is around the $17.40 level.
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