LINK/USDT - Potential Drop Of 18% !?!
We're spotting what looks like a double top formation with a neckline yet to be broken! If we see a decisive breakdown below this level, we're likely to witness a slide towards the $12 region, marking an approximate 18% descent. It's a waiting game for now, as a breakdown could open up a short opportunity. However, should there be a surprise shift and we break the resistance above, we could be eyeing new highs.
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Price has had a nice surge to the upper zones, so there are high chances of re-testing the upper zones here. After that We still want to see this target zone of $10.5 to be reached after a breakdown of upper support zone near $13
Price has had a nice surge to the upper zones, so there are high chances of re-testing the upper zones here. After that We still want to see this target zone of $10.5 to be reached after a breakdown of upper support zone near $13
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tested nicely in this zone here but got rejected by support. Currently breaking also that 100EMA, we may see some further attempt to breakdown from here: waiting.