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 channelTrade active
within channelTrade 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
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.