LINKUSDT Mid Term Update
In the 3D and 6D timeframes, White Energy is above the Green Line, indicating downward pressure. The Blue LSMA has just crossed below the 50 level in the 6D timeframe, and is still looking like it is falling.
I typically use the Blue LSMA line to determine potential of price reversal, and looking at the 6D currently, there is a high chance for price action to consolidate at these levels (best case) or fall further (worst case) until early to mid July. Upward price action may be short lived and the price may fall back to these levels after some time, as can be seen in the previous pump to 26USDT few days back.
My view is still the same as my previous post, LINKUSDT is not expecting a reversal anytime soon and this could continue for another month or potentially longer.
I typically use the Blue LSMA line to determine potential of price reversal, and looking at the 6D currently, there is a high chance for price action to consolidate at these levels (best case) or fall further (worst case) until early to mid July. Upward price action may be short lived and the price may fall back to these levels after some time, as can be seen in the previous pump to 26USDT few days back.
My view is still the same as my previous post, LINKUSDT is not expecting a reversal anytime soon and this could continue for another month or potentially longer.
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