LINK Reaches Moment Of Decision Making [QUICK UPDATES]

25 Mar 2020

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.

We see an interesting pattern here on LINK, where the price is about to hit a horizontal support zone, leading to an important decision moment.

1) On a shorter timeframe (left chart) we see a relatively weak support zone. The price has already spiked down a few times, leading to an ultimate rejection but breaking through the support first. The price has also not been able to rise much after it got rejected, meaning the bears are constantly pushing the price down.

2) On a larger timeframe (right chart) we see that there is a much stronger support zone, where LINK might find more proper support if it decides to do break through this zone and reach lower areas. This is a more interesting area to go LONG for LINK BTC.


--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.

- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

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