LINK, watch out the liquidity hunt!

Hello everyone,
if you haven't already on chart, load this fantastic indicator from Alien_Algorithmus. It shows you the liquidation levels of big positions in crypto assets, which is helpful to forecast the trend. Actually we have still some liquidity below left, but on the other hand, above is way more. Whenever you see that some many "clouds" are building in a general bull market it's very likely the chart will hunt this zones.
Also we are at the golden ratio level between 0.5 and 0.618 and we have a good structural support. I believe we can see a bounce here, maybe even the start of the fifth wave towards 40 USD.

Trade active

LINK is a bit weaker that BTC and XRP, but still in a good position as long as it holds above 18 dollars.
A good risk to reward to get in a position.

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Also I want to update you on the elliot wave count. It remains the same, the only difference is that wave C resets just a bit lower. You can now visually see the five waves of the last wave, which is great.

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Nice reaction to support through the whole crypto sector.
Already + 20% from the low and most probable more to come.

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Breaking the trend line for now. If it's sustained it will move towards 30 dollars again.

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Reached the first liquidity cluster with a profit of +38% from the low.

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After the biggest liquidation day in the history of the crypto market yesterday, LINK is very well prepared for the next leg up.

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My target remains at 38-40 Dollars to be reached within the next few month.

Kyrean

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Kyrean