Since May 2018, Link has followed this rising channel with cycles of 14 to 16 months.
Each cycle, there has been at least 1 retest of the previous high.
Each cycle, there have been 2 retests of the previous breakout level.
Each cycle ended in a retest of the support trendline, resulting in the next bull run.
I'll be keeping an eye out for a shorting opportunity if Link reaches the 20-dollar range.
I hope you like what you see.
EJ - Just for fun
Each cycle, there has been at least 1 retest of the previous high.
Each cycle, there have been 2 retests of the previous breakout level.
Each cycle ended in a retest of the support trendline, resulting in the next bull run.
I'll be keeping an eye out for a shorting opportunity if Link reaches the 20-dollar range.
I hope you like what you see.
EJ - Just for fun
Commentaire:
Link broke through resistance, immediately finding support at the $20 level.
From now on, the only way is up!
First target $36 (give or take)
From now on, the only way is up!
First target $36 (give or take)
Commentaire:
Perfect breakout and retest of previous resistance as support on the hourly chart.
Imagine not buying Link here
Imagine not buying Link here
I only see this play out in correlation to high volume price action of BTCUSD.
In case of a strong correction or strong pump of BTC, alts will bleed, and when they do, they will bleed hard...
EJ - Just for fun