$LINK has been bleeding slowly for a month. It topped near $13.50 on Oct 12 and now sits around $10.63 on Binance, right on top of its support zone.
The zone I care about is $10.27 to $10.51 (the Oct 30 and Nov 5 wicks). Buyers have defended it twice.
My view through Nov 15, with CPI on Tuesday:
If daily candles hold above $10.27 and price reclaims $11.05 on a close, I'd look for $11.65 to $11.80 as the next stop.
A daily close below $10.27 breaks the floor, and $10 becomes the obvious magnet.
Slight bearish lean while it stays under $11.05, since every bounce this month has been sold. I'm wrong if LINK closes a day above $11.80 and holds it.
#LINK #Chainlink #CryptoMarket #PriceAnalysis
NFA, not financial advice.
The zone I care about is $10.27 to $10.51 (the Oct 30 and Nov 5 wicks). Buyers have defended it twice.
My view through Nov 15, with CPI on Tuesday:
If daily candles hold above $10.27 and price reclaims $11.05 on a close, I'd look for $11.65 to $11.80 as the next stop.
A daily close below $10.27 breaks the floor, and $10 becomes the obvious magnet.
Slight bearish lean while it stays under $11.05, since every bounce this month has been sold. I'm wrong if LINK closes a day above $11.80 and holds it.
#LINK #Chainlink #CryptoMarket #PriceAnalysis
NFA, not financial advice.
