Like virtually cryptos, LINK is seeing a strong correction today. However, there's still one strong support area in play to keep LINK in a reasonably bullish state.
The dotted trend line is what's currently acting as an area to bounce. This trend line combined with the $20 support should act as a decent area of support of which LINK can jump upward.
However, with BTC looking exceptionally bearish in the near term, there's a decent chance that LINK will fall below this support area. In that case, I'm expecting a move towards the recent local lows, blue lines.
All eyes on Bitcoin. Happy trading!
The dotted trend line is what's currently acting as an area to bounce. This trend line combined with the $20 support should act as a decent area of support of which LINK can jump upward.
However, with BTC looking exceptionally bearish in the near term, there's a decent chance that LINK will fall below this support area. In that case, I'm expecting a move towards the recent local lows, blue lines.
All eyes on Bitcoin. Happy trading!
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