My opinion
LNK, looks to rebound regardless towards the 1.39-1.59 level for the B WAVE bounce.
It looks like there may be a Head and shoulders pattern forming, with the NECKLINE (NL), bearish if breaks this line, also confluence with the psychological 1 dollar range.
Elliot wave theory - (sloppy) appears to denominate 5 waves, thus an ABC corrective pattern due.
If BTC continues to go up, the projected next 5 waves are based on Fibonacci ext.
If LNK, breaks 1.00 to the downside and closes below the neck line on the daily, the bearish scenario of a deeper correction, over a longer period of time is possible.
IMO the bull run still has the most volatile and final leg up and a stock like LNK could prove to be a lucrative investment.
Not financial advise cheers.
It looks like there may be a Head and shoulders pattern forming, with the NECKLINE (NL), bearish if breaks this line, also confluence with the psychological 1 dollar range.
Elliot wave theory - (sloppy) appears to denominate 5 waves, thus an ABC corrective pattern due.
If BTC continues to go up, the projected next 5 waves are based on Fibonacci ext.
If LNK, breaks 1.00 to the downside and closes below the neck line on the daily, the bearish scenario of a deeper correction, over a longer period of time is possible.
IMO the bull run still has the most volatile and final leg up and a stock like LNK could prove to be a lucrative investment.
Not financial advise cheers.
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