What on earth is LINK doing
Chart pattern is not ideal or the greatest to me, but it feels like w have some sort of bottoming formation going on, being that we hit the .618 from the original bull run LINK underwent. And with BTC in a bull phase, it is hard to imagine the rest of crypto not going with it.
It looks like a poorly constructed inverse H&S . Ugly looking, but the $13 and some change price above the yellow line would prove to be quite a bullish move and maybe allow for re-testing of all time highs.
I do like the 4 hour RSI being low, with the daily LINK RSI being in the bullish zone (or thereabouts).
If BTC sells off or lingers, something like the orange line would make more sense and would wait for another trend line to form.
Best of luck trading. Stay safe.
It looks like a poorly constructed inverse H&S . Ugly looking, but the $13 and some change price above the yellow line would prove to be quite a bullish move and maybe allow for re-testing of all time highs.
I do like the 4 hour RSI being low, with the daily LINK RSI being in the bullish zone (or thereabouts).
If BTC sells off or lingers, something like the orange line would make more sense and would wait for another trend line to form.
Best of luck trading. Stay safe.
Note
Trending to $19 nice and easy....
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.