Link has been in a nose dive situation with the earnest of declining further towards the 6.75. Market is at 7. This means, it is at support. Once it breaks it and retests it, we will further see a decline towards the 6.75 level. 

There is only another confluence with the market which is the trendline breakout sell. Which has been breached with high volume and has the potential to continue moving down.

The EMA 50 has also turned bearish and we do not see it returning back to retest the EMA 50.

RSI is at 25. It is already the over sold region which needs to be neutralized at the level of support turn resistance. Then, we can take a further shot at the downward move.

Straight dive incoming towards the 6.75

Apr 22 2023