LINK USD
bullish and bearish signs here
bearish signs:
-broke the 50MA on 4hr chart
-MACD has room to move lower
-inverted cup and handle possible (green line)
Bullish signs:
- .5 Fib retrace to about $6.9 and bounced off
- held the 89MA (fib ma) and bounced off
- double bottom at $7 local support (blue arrows)
if everything holds I still see movement upward... but if these are a false we can see an even bigger retrace to .382 or even 0.
if we hold the 89MA and $7 double bottom, momentum continues upward
let me know what you guys think
THIS IS NOT FINANCIAL ADVICE
bearish signs:
-broke the 50MA on 4hr chart
-MACD has room to move lower
-inverted cup and handle possible (green line)
Bullish signs:
- .5 Fib retrace to about $6.9 and bounced off
- held the 89MA (fib ma) and bounced off
- double bottom at $7 local support (blue arrows)
if everything holds I still see movement upward... but if these are a false we can see an even bigger retrace to .382 or even 0.
if we hold the 89MA and $7 double bottom, momentum continues upward
let me know what you guys think
THIS IS NOT FINANCIAL ADVICE
Related publications
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.
Related publications
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.