LINKBTC: Watch This Range (23k - 29k Sats)
As an update to the post below, this post outlines a trend LINKBTC has respected for almost a year.
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean reversion does seem somewhat logical, as previous 40W mean reversions resulted in a series of new ATH's in rapid succession.
In the bearish case, you can see price decline slowly like a popped bubble.
This is also a pivotal moment for FA, with Oracle announcing their Chainlinked startups on Tuesday. As long as the project maintains interest as it has been doing, I personally don't see Chainlink going away.
In the case of macro trend continuation, I'm will continue to see if my second idea linked below plays out.
Good luck!
Twitter: twitter.com/CoinRepoMan
Bears would like a break down from this support zone entirely, while bulls will want to see a rebound sometime soon, or even a short consolidation period above 23k sats at the minimum.
In the bullish case, a bet on macro trend continuation following a 40W mean reversion does seem somewhat logical, as previous 40W mean reversions resulted in a series of new ATH's in rapid succession.
In the bearish case, you can see price decline slowly like a popped bubble.
This is also a pivotal moment for FA, with Oracle announcing their Chainlinked startups on Tuesday. As long as the project maintains interest as it has been doing, I personally don't see Chainlink going away.
In the case of macro trend continuation, I'm will continue to see if my second idea linked below plays out.
Good luck!
Twitter: twitter.com/CoinRepoMan
註釋
Bollinger Bands are dynamic! Remember to update the chart yourself and see where these bands are now.註釋
Additionally, a lower move into this range would not entirely nullify the bullish cup and handle pattern many think to be in play.註釋
LINK remains resting on Pivot 2. Bulls need volume註釋
Pivot 2 held successfully
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