LINK/USDT: On Buying area, Direct rise expected
– The Global Crypto market leads by BTC and ETH is still evolving within a market configuration. Like the others digital assets LINK suffered about negative global market situation.
– However we are focus on a key buying area now on this coin and we expect a fast and quick recovery regarding technical elements provided by the interpretation of the .
– Graphical Elements :
Graphical Resistance = 12, 40 & 53,00
Graphical Support = 4,60 & 5,50 (Lower part of the )
– & Wave (Fibonacci):
Fibonacci Target C (B) has been already reached = 5,50/7,90
Fibonacci resistance of the wave in progress = 12, 40
Fibonacci support of the wave (c) (B) (max extension) = 5,50 (auto-similar move = Channel)
Fibonacci Target = 21,00
Preferred case => Regarding the mid-term element, LINK is offering the perfect entry area for a mid-term portfolio configuration in order to anticipate a exit towards 12, 40 and 21,00 as long as 4,60 remains support – In extension a larger rise towards the previous top at 53,00 can’t be ignored
(Price are displayed in USDT)
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