Nezah

INVERTED HAMMER - LINKBTC - DAILY

Long
BINANCE:LINKBTC   ChainLink / Bitcoin
Bearish momentum continues with extremely low volume compared to previous break-out ATH . While trend the past few days has been bearish , the low volume is suspicious, as if bulls are waiting for the right price to push this thing to new highs.

RSI is squeezing with two potential support levels on two different falling wedges .

A bullish candle tomorrow would confirm the inverted hammer and obviously a candle close below would be extremely bearish . Long potentials at 24800 and 21400 if bearish . Easy stop-loss longing at this exact spot (27000-28000). Either way, tomorrow should provide significant clues.

Comments

Amazing content, what will happen next? :)
+1 Reply
Nezah DACapitalTrading
@DACapitalTrading, Thanks - no forecasting, will let the market decides what happens next :) I am bullish medium-term, but short-term pain is definitely possible here. That's why only 1/4 position here and will average-up if bullish and average-down at support levels.
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