Our hit-rate with LINKUSD has been excellent. Up 60% since we called the major breakout.
The stair-step pattern was broken however when the rally expected did not happen.
We're now in a position with the 5-day chart momentum pushing down. The 4-hour chart as shown has price entering cloud. Team Sparkster would not be surprised by a 15% drop back down to the previous stair-step for re-accumulation.
There has also been a fair amount of FUD about chainlink recently which may help to push the market down a little, before finding confidence again.
The stair-step pattern was broken however when the rally expected did not happen.
We're now in a position with the 5-day chart momentum pushing down. The 4-hour chart as shown has price entering cloud. Team Sparkster would not be surprised by a 15% drop back down to the previous stair-step for re-accumulation.
There has also been a fair amount of FUD about chainlink recently which may help to push the market down a little, before finding confidence again.
Trade closed: target reached
Sometimes it's not fun to be so right: 
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Related publications
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.