LINK Daily Trend Line Analysis - Next Few Weeks
LINK looks really strong on the daily chart and even with Bitcoin dropping from 10k to 7700 is still hovering relatively near the highs. Uptrend is still intact and we may see a bounce over the next day or two to hit 4.30ish but I believe we will see another move lower to retest the 3.60-3.80ish area as proper support hasn't been found yet and some bullishness needs to be worked off before LINK can start moving higher.
If 3.50 doesn't hold then I expect next support will be found around 2.90ish at the next major uptrend line.
If 3.50 doesn't hold then I expect next support will be found around 2.90ish at the next major uptrend line.
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