Samrhum

LINK - setting up nicely for the move down

BINANCE:LINKUSD   ChainLink
Link appears to be in the final leg up of a flat correction. I am targeting the GZ and my first target and the 1/1 extension as my upper target. This move also has confluence with BTC which appears to be pushing up for its wave 5. Once Link completes the move up we should anticipate the move back down to the range lows. If you are trading Link you will know how well it has been respecting the macro fibs (almost to the cent!) so this should give us a clear indication of where we can expect Link to land (and the measured move puts Link in this zone too). Most of the alt coins are in a similar situation so a decent swing trade opportunity is not too far away. Good luck if you're trading Link.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.