LINKUSDT - trade the current dip
Hi guys,
The situation for LINK is pretty much the same as the one we just commented on in the ETH idea.
An uptrend channel, which in the case of LINK is very close to being broken to the downside. If it doesn't hold up, I will be looking at the zone around $20. I drew two possible scenarios this morning and by the looks of it, we are taking the "longer" one, which involves a deeper pullback.
Both the RSI and VZO are now below or at their respective levels from the last two corrections.
Regards
The situation for LINK is pretty much the same as the one we just commented on in the ETH idea.
An uptrend channel, which in the case of LINK is very close to being broken to the downside. If it doesn't hold up, I will be looking at the zone around $20. I drew two possible scenarios this morning and by the looks of it, we are taking the "longer" one, which involves a deeper pullback.
Both the RSI and VZO are now below or at their respective levels from the last two corrections.
Regards
Kommentar:
Trade is going as planned right now even though it deemed a little bit lower.