EuroMotif

LINK.usd At a Key Support: $13.5 could determine near term trend

COINBASE:LINKUSD   Chainlink
LINK is currently sitting on a Key Support around $13.5x.
The bounce looks "Corrective" rather than "Impulsive".
So another leg down seems likely, going below $11.2x.

Bulls can avert a big drop by holding 13.5x
Bears can accelerate by piercing 13 round.
Price action at each key level will give clues.

This is a follow up these recent plots:
.
Importance of $11.25:

.
Bottom at $7.25


the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.