LINK bull-run has started – going towards the 'decade'-VWAP level to consolidate – followed by breaking out of a bullish closing wedge (yet to happen). Breaking out of this formation would mirror 'X' distance onto breakout-point above 'Y', this would translate to a price level of approx. $5.
This post will be updated continuously when mentionable changes can be observed.
Comment:
LINK still bullish, could break VWAP 'century' to head even higher.
Comment:
1 of 2 (or 3) VWAP tests completed. LINK is strong above the 200MA, if volume stays steady it could reach $3 by mid February.
Comment:
Expect a quick jump over 2.80 followed by a reverse for a touch at the 4H 50MA around 2.50 by tomorrow evening. This is actually very healthy for a successful exit of formation 1 and on to complete formation 2.
