Can LINK Reclaim Momentum To Avoid Crashing?Cup and Handle: LINK forms a potential cup and handle pattern in the daily chart.
Approaching EMA: Downtrend is nearing the 50-day EMA.
Overhead Trendline: LINK struggles to challenge the overhead resistance.
Market Volatility: Uptober rally slower than anticipated.
Golden Crossover: 50 and 200-day EMAs sustain a positive alignment.
RSI Indicator: Sharp downfall from the overbought zone.
Breakout Failure: Intensive supply inflow keeps the trendline intact.
Bearish Reversal: Weekly chart shows a strong bearish reversal.
Higher Low: Possibility of a new higher low within the channel.
Bullish Failure: Rise in selling spree warns of a bullish failure.
Crucial Support: Support levels at $7 and $6.50.
Potential Reversal: Slim chances for buyers to reclaim trend control.