LINK 12h What is more likely $15 or $8.80?

8 thg 12, 2020

Let's start with the fact that the previous idea started working out just a few hours after publication.
Also, the current situation on LINK fits into our global idea, which is already 3 months from the publication date.

Having reached the targets near $11, the LINK price began to bounce. After testing for strength $14.8 first, buyers stopped. However, a new buyers' attempt to attack gave worse results. From 4 to 6 December, buyers had enough strength to test $13.5.
Of course, if BTC breaks the consolidation up now, LINK may join. But there is a doubt that the price after fixing above $13.50 will be able to grow above $15.

It is more likely that the price will lower below $12.30 and drop out of the channel. And when this happens, the first level from which a strong corrective bounce can be expected will be $8.80.
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