LINKBTC Key Levels| 200 DMA&DEMA | Low Volume
Evening Traders,
Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points.
Points to consider,
- Trend bullish – Consecutive higher lows
- Local support holding
- Resistant to break for continuation
- RSI in lower regions (Flat)
- Stochastics in lower regions (Flat)
- Volume below average
LINK’s trend has been bullish with consecutive higher lows being established with impulsive bull moves. Current local support is being held with the 200 DMA and DEMA approaching, historically being pivot points. A break of these technical indicators will break the higher low projection for LINK.
A break and close above resistance will continue the bullish bias, LINK will then likely take out highs and enter a blue sky breakout.
The RSI is in lower regions, has been trading flat and will remain flat until a decisive move. Stochastics is also flat in the lower regions, can stay trading here for an extended period of time with lots of stored momentum to the upside.
The volume nodes are well below average, sign that a decisive move is imminent from current technical trade location.
Overall, in my opinion, LINKBTC is holding a key support; the 200 DMA and DEMA are approaching and historically have been pivot points leading into impulsive bull moves. A close below however will greatly increase LINK’s probability of testing structural support which is in confluence with the 1.414 Fibonacci Extension.
What are your thoughts?
Please leave a like and comment,
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
Today’s Technical Analysis will focus on LINKBTC holding local support as the 200 DMA and DEMA approach – historically being pivot points.
Points to consider,
- Trend bullish – Consecutive higher lows
- Local support holding
- Resistant to break for continuation
- RSI in lower regions (Flat)
- Stochastics in lower regions (Flat)
- Volume below average
LINK’s trend has been bullish with consecutive higher lows being established with impulsive bull moves. Current local support is being held with the 200 DMA and DEMA approaching, historically being pivot points. A break of these technical indicators will break the higher low projection for LINK.
A break and close above resistance will continue the bullish bias, LINK will then likely take out highs and enter a blue sky breakout.
The RSI is in lower regions, has been trading flat and will remain flat until a decisive move. Stochastics is also flat in the lower regions, can stay trading here for an extended period of time with lots of stored momentum to the upside.
The volume nodes are well below average, sign that a decisive move is imminent from current technical trade location.
Overall, in my opinion, LINKBTC is holding a key support; the 200 DMA and DEMA are approaching and historically have been pivot points leading into impulsive bull moves. A close below however will greatly increase LINK’s probability of testing structural support which is in confluence with the 1.414 Fibonacci Extension.
What are your thoughts?
Please leave a like and comment,
And remember,
“The expectation that you bring with you in trading is often the greatest obstacle you will encounter.”
― Yvan Byeajee
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