Alrighty y'all!
I'm currently eyeballing LINKUSDT on the 4h chart! I'm waiting for a break and retest of the 100% fib level! Once I get that confirmation of flipping that from resistance to support, I will be considering longing the asset.
1.This does not mean you should do it as well.
2.This is not financial advise.
And as always, remember to...
Disclosure: not financial advise. All models are wrong. Some are useful.
After finding getting rejected once again in our ascending channel upper trendline, we went down to test the previous all time high (ath) as support! We now find ourselves on our way to test that upper channel trend line once again! The histogram cross and shift in volume in the MACD...
The dotted new born does it again. After many hours of a fake out, we have come back inside our pattern. Not only did we bounce of the 61.8 fib level printing a gorgeous hammer but we closed back in the bullish pattern giving bulls a sigh of relief. While we approach the apex of the triangle we can't help to ask ourselves, will we be breaking the patterns towards...
After a wild ride below our ascending channel on the 4h chart, we found the support we have been waiting for on the 50% fib level. We printed a beautiful hammer indicating the possible end of the downwards move on the short term for the Colorado crypto giant. We have now see how price is struggling to break above the 61.8 fib level even though MACD seems to be...
*NOT FINANCIAL ADVISE*
As we can see, the histogram for the MACD is slowly turning upwards on the 4h chart hinting a strong buying feeling. We find ourselves bouncing of a previous short-term bearish trend line as well as on the 50% fib level. We expect price action to break and retest the 61.8% area to continue it's bullish momentum. Please do not take market...
