Long
My opinion
LNK, looks to rebound regardless towards the 1.39-1.59 level for the B WAVE bounce.
It looks like there may be a Head and shoulders pattern forming, with the NECKLINE (NL), bearish if breaks this line, also confluence with the psychological 1 dollar range.
Elliot wave theory - (sloppy) appears to denominate 5 waves, thus an ABC corrective pattern due.
If BTC continues to go up, the projected next 5 waves are based on Fibonacci ext.
If LNK, breaks 1.00 to the downside and closes below the neck line on the daily, the bearish scenario of a deeper correction, over a longer period of time is possible.
IMO the bull run still has the most volatile and final leg up and a stock like LNK could prove to be a lucrative investment.
Not financial advise cheers.
It looks like there may be a Head and shoulders pattern forming, with the NECKLINE (NL), bearish if breaks this line, also confluence with the psychological 1 dollar range.
Elliot wave theory - (sloppy) appears to denominate 5 waves, thus an ABC corrective pattern due.
If BTC continues to go up, the projected next 5 waves are based on Fibonacci ext.
If LNK, breaks 1.00 to the downside and closes below the neck line on the daily, the bearish scenario of a deeper correction, over a longer period of time is possible.
IMO the bull run still has the most volatile and final leg up and a stock like LNK could prove to be a lucrative investment.
Not financial advise cheers.
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.
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.