It appears that the 4th wave is complete and a new uptrend is being formed. If the short term bull pennant breaks upwards, it could be the beginning of the 5th and final wave. Target is around the $7 range before an ABC correction.
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
*THIS IS NOT FINANCIAL ADVICE. I AM NOT RESPONSIBLE FOR ANY LOSSES OF MONEY*
Note
Bull Pennant has broken down and the parabola has been broken on the 4h chart. Should revisit the $1.80-$2.00 range.Note
Looks like i was wrong with the revisit update. Price rebounded well and is sitting in the $2.40 range with the LINK/BTC chart looking bullish as well.
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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.