Link has a bright future and I am excited to be able to chart it for the coming future.
I established my long position @ 0.27338797 USD or 0.00001930 BTC
TP: $10 or .00072 BTC
Duration of trade 1-2 years
This chart is showing my prediction of price movement within the newly established channel since the upward breakout of the wedge.
I established my long position @ 0.27338797 USD or 0.00001930 BTC
TP: $10 or .00072 BTC
Duration of trade 1-2 years
This chart is showing my prediction of price movement within the newly established channel since the upward breakout of the wedge.
Trade active:
movement within channel
Trade active:
within channel
Trade active:
Link has broken up out of the channel. It is now looking like a small retracement to about the 5900 level is likely. HODL.
Trade active:
Just as expected.
Trade active:
Price broke the white line momentarily. It is now back and back to following projection arrows.
Trade active:
Breakout upwards!
Med term Targets
.0001
.00014
Long term target
.00072
Med term Targets
.0001
.00014
Long term target
.00072
Trade active:
Things have been moving as predicted for quite some time. The movement has been a little quicker, but the accuracy has been nice.
I have adjusted the image to reflect the movements that took place in the last week.
There are a couple of things to be aware of.
First, there is a diverging channel. This should leave you as a trader to be cautious as there is not upper level resistance and is bearish in nature.
Second, we have identified a pretty substantial channel (blue lines) with the top being the most recent test. This would leave us to assume that there should be a downward movement to correct for the upward pressure.
Third, we had two local tops that softens our divergence in white and reveals a convergence.
Fourth, we see a test of the overall local trend line. I expect a bounce, but there are a few factors that could lead to it dropping below this trend to seek out lower support in the channel.
I have adjusted the image to reflect the movements that took place in the last week.
There are a couple of things to be aware of.
First, there is a diverging channel. This should leave you as a trader to be cautious as there is not upper level resistance and is bearish in nature.
Second, we have identified a pretty substantial channel (blue lines) with the top being the most recent test. This would leave us to assume that there should be a downward movement to correct for the upward pressure.
Third, we had two local tops that softens our divergence in white and reveals a convergence.
Fourth, we see a test of the overall local trend line. I expect a bounce, but there are a few factors that could lead to it dropping below this trend to seek out lower support in the channel.