LINK Price Analysis September 5, 2024!!

1. **Bollinger Bands (BB)**:

- The price is moving within the Bollinger Bands with a downward trend, near the lower border. It shows that the price may be in the oversold zone, but there is no clear sign of a reversal.

- The middle line (MB) is currently sloping down, confirming the downtrend.

2. **MACD**:

- The MACD line is slightly crossing below the signal line and both are in the negative zone, indicating that the price may fall further.

- However, the difference is not too large, it is possible that this decline is not too strong or is nearing its end.

3. **Recent Price**:

- The recent price is 10.19, just bounced from the recent bottom of 9.82. There is a possibility of a short-term small recovery before deciding the next trend.

4. **Trading volume**:

- Volume does not increase suddenly, this shows that the selling force is not too strong or buyers and sellers are still cautious.

In summary, the price is in a downtrend, but there is a possibility of a short-term recovery.

AE be careful with firewood.