LINK Intraday Trend Line Analysis - Week Ahead

10 במרץ 2020

On the Daily LINK looks really strong even considering the recent Bitcoin drop. Looking at the intraday I think we will see a bounce up to 4.30ish (downtrend line from 4.90ish starting beginning of March) before moving lower to find support again around 3.60-3.80 within the next week or so at which point I believe a LONG trade would look good. The quick drop to 3.60 today did hit the bottom of my expected range but I don't think it was there long enough to build a strong enough base before moving higher hence why I think we will see a retest very soon.