Two scenarios for LINK
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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
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S/R scenario:
- LINK is ranging between $13 & $10.5
- It finds support @ $10.5 and moves up, either to break through $13 towards $15 or to test resistance for the fifth time at $13
Channel scenario:
- Link is ranging in a downward channel
- It can find support in the middle of the channel (matches with the $10.5 level) and moves up towards the top of the channel.
- Or LINK doesn't find support in the center and breaks further down in which case we could be seeing $6 LINK very soon.
What is your opinion on this pair?
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