LINKUSDT in Good Accumulation Zone
LINKUSDT found support on the Yellow Basis in the 2d timeframe at 39USDT. In the 3d timeframe, the Green Line is currently still going down. There is a chance for the price to find support on the 3d Yellow Basis (currently at 36USDT) if there is another correction . However, I see a low chance of this happening given that the Green Line is not below the 50 level yet.
The price bounced off the Red Trendline quite strongly, confirming support. I see this as a bullish sign and would recommend spreading some buy orders around this area to accumulate more LINK for the next leg up (my opinion only).
My end of May/early June target for LINK of 55-60USDT is still in play. As of now, we could see some sideways action for a few days before a strong upward price movement.
The price bounced off the Red Trendline quite strongly, confirming support. I see this as a bullish sign and would recommend spreading some buy orders around this area to accumulate more LINK for the next leg up (my opinion only).
My end of May/early June target for LINK of 55-60USDT is still in play. As of now, we could see some sideways action for a few days before a strong upward price movement.
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