LINK/USDT is in a very interesting spot

By CobraVanguard
Updated


LINK/USDT is in a pretty interesting spot right now!

If we use The Elliot wave principle we can understand that the price is in the middle of it's 5th impulse wave so It is expected that the price would increase as high as the 3rd impulse wave!

Another thing that makes this signal stronger is that there is a Pennant and a flag pattern as well so the creation of another flag pattern might happen

Note: there is also a regular bearish divergence as well(-RD) which Means the price must decrease so Link's price might fall a little bit and than completes the 5th impulse wave!
Comment
My previous Analysis

LINK/USDT It has good growth potential!!
LINK/USDT It has good growth potential!!
Trade closed: target reached
5thwaveDivergenceElliott WaveLINKUSDmacddivergenceOscillatorspoleflagTrend Analysis
CobraVanguard
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