Possible descending broadening wedge forming; though LINK retested the 8.5-9k level immediately after the H&S played out, the rejection was strong and I believe we have broken bullish market structure. Key Supports @ 5000 and 3800 confluent with 0.618 and 0.786 fib retracement levels respectively. I am flat since the formation of the right shoulder on the H&S. I don't believe the asset is shortable, but I am hoping to get back in at the next key level. Given the strong fundamentals and growing awareness of the project I am unsure we will reach 3800, but further price action should give direction if LINK takes the downward path.
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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.