LINKUSDT

Sep 13, 2023

This is a 1D frame analysis for LINKUSDT Analysis of the crypto market: After executing the double top pattern, the price was unable to break above the resistance line and started to decline towards our first support line. The bullish momentum from the previous day was closed, but we can see a price drop that indicates a selling pressure. If the price breaks below our second support line, we can expect a further decline to the next support zone. However, if it is able to break above the first support line and stay above it, we can say that the bearish phase is over and we can move in an upward direction. Suggestion: Those who do not want to take more risk can enter the trade after the price breaks above the resistance line.

Sep 17, 2023

Note

This is a 1D frame analysis for LINKUSDT As we can see, the price has been able to grow and bring itself to the first resistance line. Currently, after hitting the support line, we can see a weak rebound and struggle in the upward movement and if it cannot establish itself with a strong momentum above the first resistance line, it will be doomed to a price correction.