LINKUSDT found support on the Yellow Basis in the 2d timeframe at 39USDT. In the 3d timeframe, the Green Line is currently still going down. There is a chance for the price to find support on the 3d Yellow Basis (currently at 36USDT) if there is another correction . However, I see a low chance of this happening given that the Green Line is not below the 50 level yet.
The price bounced off the Red Trendline quite strongly, confirming support. I see this as a bullish sign and would recommend spreading some buy orders around this area to accumulate more LINK for the next leg up (my opinion only).
My end of May/early June target for LINK of 55-60USDT is still in play. As of now, we could see some sideways action for a few days before a strong upward price movement.
The price bounced off the Red Trendline quite strongly, confirming support. I see this as a bullish sign and would recommend spreading some buy orders around this area to accumulate more LINK for the next leg up (my opinion only).
My end of May/early June target for LINK of 55-60USDT is still in play. As of now, we could see some sideways action for a few days before a strong upward price movement.