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In today’s edition of the Rekt Capital Newsletter, the following cryptocurrencies will be analysed and discussed:
- Chainlink (LINK)
- Woo Network (WOO)
- TomoChain (TOMO)
- Bitcoin Cash (BCH)
- Cosmos (ATOM)
- Ocean Protocol (OCEAN)
Let’s dive in.
Chainlink - LINK/USDT
Over the past few weeks, we have periodically shared updates on LINK starting on August 16th where we assumed price would drop an additiona -17% to the downside to revisit the Range Low support:
On August 23rd LINK has successfully retested the Range Low as support once again:
And here is today's update:
LINK has successfully now reversed from the Range Low area, rallying +20% to the upside.
With time, it's possible that LINK will revisit the Range High resistance.