One of the longest corrections in the cryptocurrency market took place in the LINK market. More precisely, it is still happening. However, there are notes of its completion or at least suspension. Since May 2021, sellers have managed to lower the LINK price by almost 90%. Thus, the LINK price reached the price level in July 2020. The $7 range was the main liquidity zone during 2020. Buyers stayed above the $7 mark for six months to continue the growth wave. https://www.tradingview.com/x/epl0SvTl/ Therefore, the $50 test is a merit of a successful fight in the $7 range. We have understood the importance of this range. Now about the growth prospects. In the weekly timeframe, we see that sellers has significantly reduced the dynamics of the fall since 9 May. Three weeks of sluggish decline gave buyers a chance to bounce. The weekly candle from 30 May signals a rebound of the LINK price to $14. This target is quite real in the perspective of month two. The most important thing is that this target does not destroy the structure of the LINK fall wave. This growth wave will be the first step of buyers to the global reversal of LINK price. So far, we do not expect uncorrected growth above $14. However, if after the $14 test, buyers will be able to keep the $7.6 range without updating the local low, we will recommend buying LINK in the medium to long term. Technical Analysis Of LINK On The Daily Timeframe https://www.tradingview.com/x/...
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