LINK/BTC TA Update (1 more pullback before reversal?)
LINK/BTC
LINK hit the top of the ascending channel trend-line resistance with a decline in volume. The RSI is also showing weakness from the buyers.
This is not good, LINK is might be getting ready for a potential reversal. We may see another pullback to retest the ascending support trend-line between 40000 sats area.
If we get to that point, that will be its decision time to continue higher or go back to the mean.
LINK hit the top of the ascending channel trend-line resistance with a decline in volume. The RSI is also showing weakness from the buyers.
This is not good, LINK is might be getting ready for a potential reversal. We may see another pullback to retest the ascending support trend-line between 40000 sats area.
If we get to that point, that will be its decision time to continue higher or go back to the mean.
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