Long

Potential adam and eve pattern forming on LINKUSD

By Tadej

Updated

After heavy selling maybe it's time for chainlink to catch up (around -30% since previous high).

Note

Stop loss should have been put lower to avoid stop hunting (at price 10.78$ for example, so in worst case 5% loss)

Note

A&E pattern doesn't look as perfect as it seemed because of stop hunting mentioned in previous comment:

Note

A bit malformed pattern, but it drinks the water. Was able to add some LINK to my existing position near the bottom, just before it exploded.

Note

I think in the end it actually was Adam and Eve patter, just evolved a bit later (fake dump in between and at resistance level). Target remains...

Tadej

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