I'd steer clear of purchasing Link just yet. I believe it has some sideways and downward trading left to go, likely to the .38 on the Fib retracement. However, I do want to keep an eye on the daily as we can see through backtesting the weakness in the EMA's, and their divergence is a strong indicator of movement in this pair. Watch for the 0.38 retracement in the coming week and the bullish cross of the EMA's. If it coincides with a candle break into the "Ichi Cloud" we will likely see a nice price movement to the upside again. this pattern has held strong over the last few price breakouts analyzed this year and is probable it will hold true again. I recommend a 7 - 14 watch list and keeping an eye on the clouds.
Commentaire:
Forgot to add the word "day" after 7-14