The LINK in the daily, since the 10th of May, has formed a rectangular accumulation zone where the top is 9.3 and the bottom 5.4.
It needs to break this accumulation hard at the 9.3 zone to resume the broader bull move. What helps LINK beyond its fundamentals and updates is the RSI which demonstrates exhaustion of selling forces.
Here are support and resistance:
S: 6.0 / 5.4
A: 6.9 / 7.5 / 9.3
It needs to break this accumulation hard at the 9.3 zone to resume the broader bull move. What helps LINK beyond its fundamentals and updates is the RSI which demonstrates exhaustion of selling forces.
Here are support and resistance:
S: 6.0 / 5.4
A: 6.9 / 7.5 / 9.3
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.