Looks like another major 'red day' appearing for the alts...
LINKUSD is currently breaking below a support level which means a drop to $5 area becomes possible.
Traders will be looking for consolidation BELOW the support level near-term, preparing the market for shorting opportunities as the downward rally continues in the coming few days.
Strong buyback in BTC or ETH markets could help support the altcoin market but at this point, a quick and easy recovery seems more like hopium than Technical Analysis.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
LINKUSD is currently breaking below a support level which means a drop to $5 area becomes possible.
Traders will be looking for consolidation BELOW the support level near-term, preparing the market for shorting opportunities as the downward rally continues in the coming few days.
Strong buyback in BTC or ETH markets could help support the altcoin market but at this point, a quick and easy recovery seems more like hopium than Technical Analysis.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
