Down 90% from ATH, LINK is finding support in the golden pocket ratio ranging from $4.17-$5.71. I believe crypto is an accumulation range similar to last summer. Whilst I doubt LINK is going to make a new ATH, it's about the percentage point gains for me, and not the price of the coin itself.
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On the monthly time frame, LINK is very close to getting a monthly buy signal. Yellow VWAP line needs to poke its head above 0. Currently at -6.2. Bitcoin is at -14.87. Hence, I think crypto will be range trading for awhile.
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This is Bitcoin's cipher B on the monthly time frame. It's also interesting to note that the yellow VWAP line is forming higher lows on a lot of alt coins whereas bitcoin seems to be forming lower lows. Thus, I believe many alts are better positioned for a large bounce compared to bitcoin.
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LINK one of the laggards during this crypto rally. Tagging VAH now retesting VPOC and monthly VWAP. Should bitcoin retest ~$20,000, VAL should be an optimal entry