Hi guys! I checked LINK today and here is what I see: the price has been consolidating within the symmetrical triangle for more than a month like the majority of coins. Currently we broke below the ascending trend line and are approaching the dynamic resistance (red). If we look at the market in general it looks quite healthy with BTC and ETH pushing higher, so I expect LINK to start moving shortly. One more reason to do so is that the price is approaching the crossing point of the trend line and the dynamic resistance where I expect to see some volatility over the next days. Since the overall market is bullish the ideal scenario for LINK would be to break through the dynamic resistance reclaiming back the ascending trend, confirm the break out with retest and price discovery mode: ON! Closest target would be $45-46. What is a bit alarming here is that I don't see any good volumes coming into this market, meaning that we still could see some sideways movement. I hope though to see some volume inflow during the next couple of days to send it?? At the moment I don't see any bearish scenario developing and don't want even to think about it!
:DISCLAIMER:
This is my trading idea. I am neither a financial advisor nor I urge you to trade my idea.
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