Initially it seemed like there would be a retracement to the 0.618 fib level as with the last wave, but ETHER/US is rising and taking CHAIN L*NK/US with it, raising the POC on volume profile higher.
RED SCENARIO: ETHER/US keeps rising and CHAIN L*NK/US sees a retracement between POC and 0.382 retracement, keep an eye on RSI trend reversals and divergences
GREEN SCENARIO: ETHER/US stops rising and CHAIN L*NK/US sees a normal retracement between VA and 0.618 retracement.
RED SCENARIO: ETHER/US keeps rising and CHAIN L*NK/US sees a retracement between POC and 0.382 retracement, keep an eye on RSI trend reversals and divergences
GREEN SCENARIO: ETHER/US stops rising and CHAIN L*NK/US sees a normal retracement between VA and 0.618 retracement.
Note
Time and price point hit exactly, bought at 16.84. Looking to take profits around 21 level or higher
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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.