P_S_trade

LINK-4h. Consolidation continues. The next target 14.5.

BINANCE:LINKUSDT   ChainLink / TetherUS
Yesterday's BTC fall did not allow LINK buyers to consolidate above the important range of $13.3-13.49.
The triangle that formed above this range broke down. As a result, sellers continued consolidation in the wide range of $11.6-14.5. The test of the lower limit of consolidation passed without increased volumes and aggression of sellers. Buyers are now preparing for a new local growth wave as part of the consolidation.

However, if BTC continues its correction - it will provoke a break of the LINK price of $11.6. In this case, we described the goal of the sellers in our last medium-term idea.
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