Link set to test long downtrend this week
Pure conjecture. Not financial advise.
We are nearing what I believe to be a confirmation or else a culmination of a long downtrend this week.
We weren’t able to hold a breakout on September 7 after a strong rally off the July 20 low. Unfortunately since September we’ve lost momentum to other alts.
So far we have been consolidating as investors grow tired of relatively little movement. It seems like this is typically when Link moves.
Looking back last year, similar price activity occurred until a final test of the 50-day EMA and a strong rally until May 2021. A similar action would push us well up above 55.
We are nearing what I believe to be a confirmation or else a culmination of a long downtrend this week.
We weren’t able to hold a breakout on September 7 after a strong rally off the July 20 low. Unfortunately since September we’ve lost momentum to other alts.
So far we have been consolidating as investors grow tired of relatively little movement. It seems like this is typically when Link moves.
Looking back last year, similar price activity occurred until a final test of the 50-day EMA and a strong rally until May 2021. A similar action would push us well up above 55.
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