LINK.USDT (Y20.P4.E4).Stalking.Livermore structureHi All,
I'm sure many of you like me have been stalking LINK for the right entrance for it is a good performer and project to go long with.
Looking at the structure we can see confluence with the 0.618 and support area. It seems like too much of an obvious target, so how do we see this play out?
If we assume many are waiting on this, it might not get there for we have on the 8 hrly and daily, a hidden bullish divergence, a potential bounce at the $10.1 level, current level, chart below.
Some analysts say the $10 will give way, but really it all depends on what BTC does as well.
I noted a bullish divergence on the 4 hrly for a bounce at this level.
Also a potential hidden bullish divergence on the 12 hrly to dailyy
In addition, I'm no expert but this expanding cylinder structure resonates with "Livermore"s speculative chart' on the daily where point 7 is our entry point as well.
If this is correct, this could be huge.
Confirmation will only be later on.
On the daily, the RSI and other indicators support the notion of a timely bounce at this envisioned support level, it might be a quick dip wick to fulfill this.
Now what will make these ALTs go up, a potential drop in BTC dominance to come, which is viable for we have BTC dominance in the MACRO chart headed more south.
Question is when?
I also have BTC dominance for this micro level going up, which can force it for LINK to touch this support area.
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Daily Chart: With 100 and 200 ema playing a role. We have the Lucid indicator showing downward pressure still.
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On the BB chart, we have the bottom yet to be tested on the 12 hrly as well as the daily.
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On the 12 hrly, I'm looking for a bullish candle and\or a cross over of the WT indicator.
Maybe looking for a double bottom for the RSI.
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4 HRLY chart, bullish div.
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Please give me a tick or like for this post
Regards,
S.SAri.
