LINK - Quietly Warming Up 👀LINK has not been doing much but it is a coin that many think will have a bright future.
When coins sleep & slump they are a little dangerous but LINK has been sleeping for over a year and its holding well.
It did look a little dicey in the summer but it has recovered well; hopping above the all important yellow 50 week moving average and maintaining sideways drift within the blue trading range.
Now if we look at LINKBTC;
With overlapping lows it is starting to look like a Wyckoff accumulation with the June low not making much price discovery below the May low.
So far it has not exceeded the 50 week moving average other than in a shakeout on the potential AR Automatic Rally bounce.
Its currently challenging that 50WMA again and if it gets above then it could be quite a clue that LINK is entering a bull market.
It is a little choppy here and one way or another we may see LS Left Shoulder Support re-tested to potentially print an Inverted Head & Shoulders Pattern.
If it re-tests LS support on LINKBTC but yet holds above the 50 week MA on LINKUSD then that would be an ideal entry both buying positionally on LINKBTC but also buying into strength on LINKUSD.
This can happen if BTCUSD moves up but LINKUSD continues to drift.
So we are making are first entries here and on a re-test of the 50WMA, then later will look at buying more on a LINKBTC re-test of LS Support.
Not advice
