LINKUSD – Breaking down lower
LINK/USD COINBASE:LINKUSD
The price has broken down the Fib Channel 78.6% level, and it is anticipated to get down to the 100.0% (from the top) in the near future which would bring the price to around $8-$9 per Chaninlink token.
To draw this Fibonacci Channel, the main trend line connects local high points.
If the price does not hold this level ($8), the 123.6% Fib level could be the next support level .
RSI has been descending and getting closer to strong support.
**This is not Financial Advice**
In my opinion, it could be a very good accumulation opportunity for LINK lovers.
