A strong downward impulse on November 26 negatively affected the mood of buyers. For almost a month, buyers fought for the right to continue the trend in the consolidation range of $11.6-14.5. On December 23, sellers broke through the consolidation. In addition, the global trend line of buyers has suffered. An attempt to return the LINK price to the consolidation range was unsuccessful.
In the local range of $13-13.3, sellers stopped rising prices and regained control of $11.6-12. While the price is below this range, our main scenario is a drop to $8.8.
Cancel this scenario if buyers can consolidate above $13.3. ______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!