LINK Technical Analysis: The Market Has Entered A Bearish Phase

The third update of the local low. These are the results that LINK sellers from November 2021 can boast of. The last achievement took place during the trading week on 25 April. The new year in the LINK market began with the breakthrough of the global growth trend and continues in the same vein. However, at the time of writing, there is some intrigue about the possibility of a price rebound. Why? The famous three updates of local LINK price lows took place on low volumes. What is interesting is that each subsequent attack of sellers was accompanied by smaller and smaller volumes. https://www.tradingview.com/x/ujSJbeWl/ The last update of the local low has barely taken place. Sellers have failed to break the consolidation wedge in which the LINK price has been falling since November. This means that buyers can expect a sweet rollback to the range of $14.67. This range is an important mark on the monthly timeframe. Just above the $14.67 mark, buyers managed to close each monthly candle from December 2021. Each except April. This fact may mean that the main demand of buyers at this level was met and it was not enough to buy all the sellers. So you should tune in to continue the downward trend with the final target of $7. The main question is whether buyers will be able to organize a price rollback before the test of this range. Technical Analysis Of LINK On The Daily Timeframe https://www.tradingview.com/x/nnOKxlr3/ Analyzing the ...