link update
Hi,this is my update on link. I think there are 3 possible counts that suggest there should be one more leg up. (2 types of ABC corrections and B of triangle). Till now my primary count was that link is in w4 triangle but now i am not convinced to that any more. I expected link to make more progress from 7,2 low if that is a pattern. It is still valid but there is big resistance at 14-16 area so not my primary count anymore. We have to consider that btc rise should soon finish and that could lead to big drop in alts too. If link drops below 9,5-9 area i will consider upward correction is finished at 13 (red scenario) and will try to find short position.
If link rise to 14 usd will sell (not all) because that would be 7 waves up from 7,2 usd and 7 is correction pattern. If it manages to break that area and rise to 18-19 after that i think there would drop to 12-13 so we can buy it again.
If link rise to 14 usd will sell (not all) because that would be 7 waves up from 7,2 usd and 7 is correction pattern. If it manages to break that area and rise to 18-19 after that i think there would drop to 12-13 so we can buy it again.
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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.