Hello, traders!
LINK corrected more than 61% of the upward movement, which began on March 24.
The selling pressure on the market continues, due to the lack of purchases on the market.
The next Fibonacci retracement level is 0.786 ($28.04). MA100 on the daily timeframe is close to this level. Buying interest can be expected near this level and the MA100.
If the price has tested the MA100 and rallied, we might look for an entry in purchases. In case the price falls below the level of $28.04, it is better to stay away from buying.
Entry into the position may be considered in the range of $28.04 - $30.10.
Stop-loss can be placed under $26.00.
Target price levels will be
$34.33
$39,00
$44,00
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered as financial advice
LINK corrected more than 61% of the upward movement, which began on March 24.
The selling pressure on the market continues, due to the lack of purchases on the market.
The next Fibonacci retracement level is 0.786 ($28.04). MA100 on the daily timeframe is close to this level. Buying interest can be expected near this level and the MA100.
If the price has tested the MA100 and rallied, we might look for an entry in purchases. In case the price falls below the level of $28.04, it is better to stay away from buying.
Entry into the position may be considered in the range of $28.04 - $30.10.
Stop-loss can be placed under $26.00.
Target price levels will be
$34.33
$39,00
$44,00
Good luck and watch out for the market!
P.S. This is an educational analysis that shall not be considered as financial advice
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.