Part of my ongoing analysis of ChainLink (see links below).
LINK has pulled back, and currently confined in a narrow range.
Breakout from this range to either side could accelerate rapidly.
My guess is one more leg down, perhaps a spike to take out stops.
For pattern traders the recent "Double Top" or "Tweezer Top" is very bearish.
Wyckoff traders call this range a "reAccumulation" or "reDistribution" phase.
I await a breakout to either side and will gauge sentiment at that time.
Previous LINK analysis:
$2.65 Support Call (still in play)
recent Impulse Redux (caught a retrace)
$2.7xx target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (caught exact bottom)
LINK has pulled back, and currently confined in a narrow range.
Breakout from this range to either side could accelerate rapidly.
My guess is one more leg down, perhaps a spike to take out stops.
For pattern traders the recent "Double Top" or "Tweezer Top" is very bearish.
Wyckoff traders call this range a "reAccumulation" or "reDistribution" phase.
I await a breakout to either side and will gauge sentiment at that time.
Previous LINK analysis:
$2.65 Support Call (still in play)
recent Impulse Redux (caught a retrace)
$2.7xx target plotted (perfect roadmap)
Support/Bounce zones (caught recent bottom)
Breakout Zones plot (caught the breakout)
May 2019 support zones (caught all turns)
$1.46 Bottom Call (caught exact bottom)
Nota
Breakout in Progress .
Nota
Broke out and running hard as expected .
Nota
So we came back to previous Resistance to confirm as New Support and are continuing the uptrend .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.