LINK Action plan on pivot point.
LINKUSD is on a pull back following the uptrend early in January.
Levels to watch:
- 3.2200 is the resistance and 1.6000 the support.
- With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance).
- The MACD is turning bearish, indication that the top is in or is close.
Projection:
- If the January 24 low holds then we expect LINK to rise towards the Resistance. On a different occasion the bearish MACD will push it sooner towards the support.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
Levels to watch:
- 3.2200 is the resistance and 1.6000 the support.
- With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance).
- The MACD is turning bearish, indication that the top is in or is close.
Projection:
- If the January 24 low holds then we expect LINK to rise towards the Resistance. On a different occasion the bearish MACD will push it sooner towards the support.
If you like this idea give us a like, follow and share your thoughts in the comments section below. Remember to stay tuned for future technical analysis , news, updates, and more from PrimeXBT!
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