Waiting for the perfect signal to hop back on
Updated
The screen above was a note I made for myself 3 days ago. I sold out of link at my target and decided I wanted to get back in but it was moving to fast for my liking. Link is a solid project and is classified as a solid investment by some of the more successful traders on YouTube. (At least they claim to be successful, nowadays everybody that got into any coin that resulted in tremendous returns claims to be a top tier analyst so we should be careful nonetheless.)
Anyway, what I drew was my expectation of a near perfect cup and handle, and now that this is coming to be almost true I want to share this with you. I am waiting for the "handle" to lower to about 1/3 of the cups height and then give me a clear signal that it is going up again to new highs. I don't want to try to catch a falling knife, so we need a clear signal.
I feel that this is just the start of ChainLink and this will be a great opportunity to invest, contribute and make money.
The project is really strong and once more people realize the potential, this coin can yield amazing returns. If you would like to read more about it go here: blockonomi.com/chainlink-guide/
4649
Note
It looks like link is making a move again, however I will wait to hop back on since the handle doesn't seem to have properly formed. Let me know what you think in the comments.Trade closed: target reached
Revisiting my older comments for study purposes, Cup and handle formed and made some money on the first spike that formed. Not bought back in since then.
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