CwaveSurfer

CwaveSurfer

KRAKEN:LINKEUR OK marines, In my view there's a lot of factors lining up for Link to start its next leg. Now BTC please play nice! • Approaching middle of pitch fork which has acted as S/R in the past • Approaching prior highs which are also marked by the 1.0 fib extension which dates back to the highs of Feb 20 around $4.50 • Similar RSI to where we launched...

CwaveSurfer

KRAKEN:LINKUSD I believe ChainLink is at an important medium term inflection point. Price has been respecting this fork for some time and we’ve just run into the midpoint and are being rejected on the initial probe. One could start to sell rallies but I’d rather see a close above the midpoint and start to buy dips.

CwaveSurfer

Apologize for all of the lines but have cleaned it up as best I can. Nikkei has run into a whole swath of resistance. 1. Dark blue line is base line of pitchfork stretching back to lows of 2015/16. Big if here is a daily close below that. 2. Both the dashed and solid purple lines are 150% channels of the modified pitchfork which price has been respecting all year...

CwaveSurfer Updated 

In 2017's sideways market we've seen multiple rejections off the 18800 area. The last three days were no exception (3/31-4/5). Furthering the long thesis any move through the red median line of 2017's sideways to down pitchfork has been met with an equal rejection.