Hello everyone, Andrew here, Link has created higher highs but has pulled back slightly. I am bullish as long as we stay in the bullish channel.
The Trend Confirmation Indicator has Link bullish, volume is low giving me a Neutral, feeling. As we know, altcoins following BTC, changes can happen quickly, so please keep an eye on my BTC charts as well.
If you Long, consider taking some profits at $13.39.
If you Short, consider taking some profits at $9.44.
Stop line, Set stops on opposite side.
SHORT TERM: Bullish Neutral
MID TERM: Bullish
LONG TERM: Neutral
Please keep in mind this is a 4 hour Chart analyses.
Thank you for dropping by, please like and follow.
:)
PS: I am not an investment adviser. I learned trading and accumulated during the Bitcoins crash and of course enjoyed the 14k run. My experience trading in the Bear trend, makes Long calls seems easier.
Long Term Neutral call is based on TA and BTC, not fundamental action.