In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction.
Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom...
If the valuation of LINK/BTC continues to drop, I have noted a solid price floor support level. This has been a key level for nearly 2 years now! There is a slow uptrend forming over the past few weeks, and if we continue, I would expect a stronger move up in the next few weeks or so. Please feel free to follow us on Twitter, Youtube, and Telegram!
Hi there traders,
I'm seeing many different variations to this structure lately and I feel I'm becoming familiar with these as time passes on.
Another strategy in my repertoire, and I'm working on it to have a list of items that gives ticks to the strategy. Eg, 13/50 ema cross over before a break of a trend line.
Note how the RSI supports this upwards move on the...
