⚡️ Hello, everyone! I decided to continue exploring fundamental altcoins. Next up is LINK. This is definitely a key project in terms of technology, and without it, the crypto ecosystem we know today would not exist. Their oracle technology is used by approximately 90% of ALL protocols.
So it's hard to underestimate its importance, but let's take a look from a technical point of view. How much trading potential does LINK have?
➡️ The token has been in correction for a long time, like practically the entire market. During the decline, it formed a GAP at the level of $25.65 - $20.55. And as we know, 95% of GAPs tend to close sooner or later.
Globally and locally, the token is currently in a flag pattern. Therefore, high volatility and a period of consolidation can be expected in the near future. During this period, the further direction of the token's movement will become clear.
⚙️ Metrics and Indicators:
Volume - a divergence with the price has formed. Throughout the correction, sales volumes have decreased. This signals the exhaustion of sellers.
Money Flow - harmony with the price. Liquidity continues to slowly decline, but at the same time, it does not form new lows, which means that demand for the token remains.
Support/Resistance - LINK has now reached a key level at $12.64, which could trigger a surge in buyer interest. However, if it cannot hold, the next strong support is at $10.09. At the same time, slightly higher, at $15.52, there is strong resistance, which is also a strong psychological resistance (round number).
📌 Conclusion:
LINK certainly still has potential for decline. It is quite undervalued, even with Bitcoin being so expensive. But if Bitcoin falls, LINK will fall even lower, as will the entire market.
And at times like these, everyone's attention turns first to fundamental assets that are truly valuable and currently too cheap. No one is rushing to buy HarryPotterObamaSonicInu10 because no one knows its true value.
🔥 So be patient, LINK is definitely a fundamental asset, and if you want to add it to your portfolio, now is definitely not the time.
So it's hard to underestimate its importance, but let's take a look from a technical point of view. How much trading potential does LINK have?
➡️ The token has been in correction for a long time, like practically the entire market. During the decline, it formed a GAP at the level of $25.65 - $20.55. And as we know, 95% of GAPs tend to close sooner or later.
Globally and locally, the token is currently in a flag pattern. Therefore, high volatility and a period of consolidation can be expected in the near future. During this period, the further direction of the token's movement will become clear.
⚙️ Metrics and Indicators:
Volume - a divergence with the price has formed. Throughout the correction, sales volumes have decreased. This signals the exhaustion of sellers.
Money Flow - harmony with the price. Liquidity continues to slowly decline, but at the same time, it does not form new lows, which means that demand for the token remains.
Support/Resistance - LINK has now reached a key level at $12.64, which could trigger a surge in buyer interest. However, if it cannot hold, the next strong support is at $10.09. At the same time, slightly higher, at $15.52, there is strong resistance, which is also a strong psychological resistance (round number).
📌 Conclusion:
LINK certainly still has potential for decline. It is quite undervalued, even with Bitcoin being so expensive. But if Bitcoin falls, LINK will fall even lower, as will the entire market.
And at times like these, everyone's attention turns first to fundamental assets that are truly valuable and currently too cheap. No one is rushing to buy HarryPotterObamaSonicInu10 because no one knows its true value.
🔥 So be patient, LINK is definitely a fundamental asset, and if you want to add it to your portfolio, now is definitely not the time.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.