LINK/BTC is showing a potential reversal pattern. So far we are still holding the multi year uptrend and we have just tested that long term support.
Pattern wise we could be forming an inverse head and shoulders (reversal pattern) with a horizontal neckline which if we break it and re-test we continue this uptrend.
Entry : Break of 5843 Sats
1st target : 6776 Sats
2nd target : 7409 Sats
3rd target : 8439 Sats
NOTE: So far we still haven’t broken the neckline decisively, make sure to wait for a clear break (with re-test) in order to enter. If we consolidate further from here or see a further correction in September, you might want to pick up sone LINK when we are reaching the long term support trend line again. That level is right now around 5000 Sats.