IS LINK BULLISH???
We see LINK make a nice 44% gain from Oct 23.
But is this a reversal to the upside??
If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366
At the time of writing this range is approx 186 days old.
As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS.
What does this mean? It means to "buy low, sell high"
I do not see any change in volume for LINK and therefore am not bullish on this chart...
My POI is the weekly level of 9.266.
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But is this a reversal to the upside??
If we zoom out and look at the bigger picture of the chart, we can clearly see LINK is in range mode between 6.2 to 9.366
At the time of writing this range is approx 186 days old.
As traders, when we are in a ranging market, it is best to TRADE THE RANGE UNTIL IT BREAKS.
What does this mean? It means to "buy low, sell high"
I do not see any change in volume for LINK and therefore am not bullish on this chart...
My POI is the weekly level of 9.266.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
Note
We see LINK make one more attempt to the upside, this morning, finding resistance at he weekly AND also diagonal line of resistance.
SFP.
Bearish.
Expect lower targets.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do! <333333
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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.
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.