4HR: $LINK; Sizing Up- Too Much Demand?

8. Aug. 2023

LINK at a key inflection point where sellers are trying to push price down, however buyers seem to be soaking up the demand and I would say it is a range bound asset between these areas. I pointed out 2 times via prior history where the demand shows to be too much for bears to bring down, as buyers push for a 10% mark-up once confirmation is in.

IF LINK can confirm that these lows are in fact the bottom of the range i.e the potential double bottom, history shows that link typically swings upward of 10% once the bottom is hit and support broken/confirmed

Just my thoughts and how one would use history to size up a asset and possibly put in a position and the arguments why.

Thanks for reading

8. Aug. 2023

Trade ist aktiv

Buyers are strong and LINK is going to show some power. Looks great