So who is going to buy the LINK Retracement?
Most people think
LINKUSD
is dead and the rally is over and who knows, they could be right, but... Failure to look at other charts such as
LINKBTC
and
LINKETH
we can clearly see its only forming a flag which means that we only formed Wave 1&2 on the weekly chart out of 5 of a bigger cycle.
Illustrated in the Chart, I have set my entry points and Target points. So lets see what happens in the next few weeks/month or so.
Will my prediction be right? or will I fail HARD?
LINKUSD
is dead and the rally is over and who knows, they could be right, but... Failure to look at other charts such as
LINKBTC
and
LINKETH
we can clearly see its only forming a flag which means that we only formed Wave 1&2 on the weekly chart out of 5 of a bigger cycle. Illustrated in the Chart, I have set my entry points and Target points. So lets see what happens in the next few weeks/month or so.
Will my prediction be right? or will I fail HARD?
Trade active:
So Far buys are filled and stoploss is set above breakeven. Lets see where it goes in the next coming weeks.
I am expecting TP1 or TP2 to be reached and a possible retracement to the top of the previous high.
Either that or FOMO might kick in and it could just run.
My plan for now is to wait to Reach TP1 and move my stops up then reasess the market.
I am expecting TP1 or TP2 to be reached and a possible retracement to the top of the previous high.
Either that or FOMO might kick in and it could just run.
My plan for now is to wait to Reach TP1 and move my stops up then reasess the market.
Comment:
A look at the chart.. so far so good.. all is going according to plan and Stoch on the weekly and daily is in the perfect position. We could possibly see a pump in the next few days.