LINK Looking A Little Bearish (Short Term)
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ANALYSIS:
It seems that LINK Marines and their longs are hitting a relatively strong resistance level , in which LINK has failed to penetrate through this level. Moreover, w/ the market sentiment signaling greed, it would not surprise me if we see LINK re-test lower supports as a momentum builder to go on and make higher highs. However, w/ BTC maintaining dominance w/in the market, Atls remain second fiddle. This narrative of BTC holding on to dominance for a while longer is supported by BTC's money velocity chart showing lower lows, signaling people are holding BTC vs's trading. Thus w/ major institutional players buying up BTC induces these aggressive BTC moves to the upside.
Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
----------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
It seems that LINK Marines and their longs are hitting a relatively strong resistance level , in which LINK has failed to penetrate through this level. Moreover, w/ the market sentiment signaling greed, it would not surprise me if we see LINK re-test lower supports as a momentum builder to go on and make higher highs. However, w/ BTC maintaining dominance w/in the market, Atls remain second fiddle. This narrative of BTC holding on to dominance for a while longer is supported by BTC's money velocity chart showing lower lows, signaling people are holding BTC vs's trading. Thus w/ major institutional players buying up BTC induces these aggressive BTC moves to the upside.