Revisiting LINK after its reversal

25 янв. 2021 г.

Again, looking at BTC in a bit of a different light. I'm sure everyone has charts for LINKUSD and LINKBTC, maybe even LINKETH if you're smart, so I figured id take a look at link measured against the overall market and see if anything popped out to me. Seeing as we're back above the long term trendline, I see three general possibilities: 1. We keep moving up fairly soon here, 2. We drop to retest the long term trend line, or 3. if things really crash, we could fall below the long term trend line and if we do that, I believe the biggest "relief rally" we could see would just be retesting said line, confirming its resistance once again. Now keep in mind this isn't the USD pairing, so LINK could rise in price even if we fall on this chart, or vice versa of course.

Alternative charts like this are best used in conjunction with USD and BTC pairing charting, providing confirmation or a general overview of how the coin is moving of its own will, as opposed to just getting dragged around by the rest of the market.

25 янв. 2021 г.

Заметка

For those that like to see the macro view as well.