LINKUSDT Analysis May 4, 2022

Are the Bulls and Long Term Investors waiting to pounce on that $8.00 single digit price or will we move out of this Bear and head back to $15.00? In either case, we don't think those prices will hold for very long. Single digit LINK, $8.00-$9.00, gets gobbled up real fast and moving back but past the $15.00 price is a sign for the next Bull...?

We are still Bearish on Chainlink, LINK. The excitement was back, in late March with the Three BUY signals, but the Three SELL signals arrived in April and we have gone down even further since. The ($15.50) Support Line didn't hold nor did the Daily Downtrend Line. No reason for us to use any USD or BTC in a LINK trade right now. We will see if the $11.00 range holds Support or breaks down to the $8.00 range. Not Financial Advice...Trade with Confidence and Control.