Link has been dropping against BTC for 4 months straight now. The MA20 offers a strong support in a bull market. Touching this Moving Average could mean a change of trend to the upside. (lowkey trying to earn reputation points to be able to type in chat)
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Looks like Link was in a mini bubble, Upward move continuation is starting after the despair stage under the 20 week moving average (MA20)!
For better understanding, Search on google: Classic bubble pattern
For better understanding, Search on google: Classic bubble pattern