LINK is trading inside a 2 year Channel Up.
The price is under the 1week MA50, which is about to form a Bearish Cross which the 1day MA50. Last time that happened, the bottom came 10 days later.
If the waves are symmetric inside this Channel Up, then we're already at or very close to the bottom, given also that the 1day RSI got oversold and this has been an instant buy signal previously.
Buy and target $44.00 (1.382 Fib extension and +300% rise).
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The price is under the 1week MA50, which is about to form a Bearish Cross which the 1day MA50. Last time that happened, the bottom came 10 days later.
If the waves are symmetric inside this Channel Up, then we're already at or very close to the bottom, given also that the 1day RSI got oversold and this has been an instant buy signal previously.
Buy and target $44.00 (1.382 Fib extension and +300% rise).
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.