Link Long Term Analysis
Updated
Hello traders
Link 4H Charts, previous engulfing candlestick, with MACD and RSI indicating bullish recovery price action from previous support level. Momnentum building up and heading towards fibonacci levels of 0.5. Using the Fib.Ext tool HEad>Neckline>rightshoulder---Price action towards significant fib levels of 38 & 50%. If the bulls manage to surpass this, i see no reason why Link wouldn't be long term bullish. Target Level should be 78/100% fib levels.
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Link 4H Charts, previous engulfing candlestick, with MACD and RSI indicating bullish recovery price action from previous support level. Momnentum building up and heading towards fibonacci levels of 0.5. Using the Fib.Ext tool HEad>Neckline>rightshoulder---Price action towards significant fib levels of 38 & 50%. If the bulls manage to surpass this, i see no reason why Link wouldn't be long term bullish. Target Level should be 78/100% fib levels.
If you enjoyed my contacts or idea he didn't like leave a comment and follow my page for more info
Note
If we break current resistance, i believe both EMA 50 & 100 will cross EMA 200. That will confirm a new. bullish trend
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