ChainLink

Honest analys on Link. Chainlink

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Historicaly Chainlink always retraced (retested) to the prior breakout point wich is roughly low 4s .
In addition, if we study the weekly chart ,link always found bottom in the red box on RSI while price went under the yellow 21 weekly EMA . The retrace under the EMA was historically anywhere between 20 to (!) 66%!!
Currently price is resting on the red box on RSI and exactly on the 21 weekly EMA . So in that regard,if price wont find support here, theres definetly a 20-30% more dump in the air at some point .
I have resting buy orders in high and low 6`s ,three buy orders in the 5`s and one in the high 4s just in case . I think this is going down . First might go a little up then down or str8 down .Exercise extreme caution!

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