LINKUSD - Top of the rally or a new paradigm?LINKUSD looks topped, but incredibly bullish in the same time.
Despite of a sharp drop of BTC, LINKUSD almost recovered from that and looks like pushing to a new highs.
It seems crazy trying to short such a strong trend for me even if it looks like a top. I'd better wait for a big spike like before and doing something after that.
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.
Linkanalysis
LINK - Update over my summer update.From a closer view and taking into account our last update (see attached idea with green RSI arrow and do not forget to give a like), millions of scenarios although the ones I like the most are these:
1.- The price action breaks the resistance at 4.09 and continues to rise to the next fib level, at 4.73
2.- The price cannot break and follows the lateral trend of these days of the crypto market
3.- We retest the support of 3.60 and some how expecting more sideways if not a bigger correction.
What is your side here?
Thanks!
LINK/BTC BINANCE4H hollow candles.
Bars pattern repetition expected.
If the price follows the previous movement, up to +56% expected.
Picks and dips are shown.
Horizontal lines showing support and resistance areas.
Fibonacci shows nice entry point.
rising volume no FOMO/FUD by traders.
If MACD crossing fails the price will go deeper.
Good Luck