Sometimes a few millimeters can separate us from total failure. In such cases, the tension is maximum, because hope struggles with common sense. However, when fortune wins, we begin to notice prospects and positivity again. A similar situation may happen in the LINK market. In the weekly timeframe, it should be noted that sellers have tested the global trend line of buyers. This trend channel has worked well since April 2019. https://www.tradingview.com/x/4iwfOZm0/ If you look for the perfect point on the chart to buy in the medium term and with minimal risk – this is it. If buyers do not keep the $16 range, we will not expect a positive scenario in the LINK market. In this case, we expect LINK to continue to fall to $10. Though, given the good BTC price growth and the chance of a rebound in the whole cryptocurrency market – so far we delete the scenario of decline as the main one. Therefore, the LINK price increase to $36 is the main scenario in the medium term. Technical Analysis Of LINK On The Daily Timeframe If you look at the LINK situation on the daily timeframe, you can see how trading volumes began to increase in the range of $16. Although sellers managed to update the previous local low, it did not work. Buyers have shown interest in creating a false breakdown of an important range. The first target of the local growth wave is around $25. This mark shows the local trend line of sellers. If you look at the movement of ...
