jumpinbunny
Long

LINK Cup & Handle Coming?

BINANCE:LINKBTC   LINK/BTC
There could be a nice Cup & Handle forming on LINK. It's a little messy.

It's hard to say when when handle will start trending up, it could be right now at this 4H cloud support. If it bearishly crosses through, then most likely uptrend will be at .618 fib support or even at .382.
3MA lines are all coming together and trending down into the handle channel.
Stoch/RSI/Both are oversold on the 1D, and beginning to trend down on the 4hour time frames.
MACD could also be going below the zero line for the first time in a very long time, right with the handle formation.

Watch for breaks in the channel, that might be a good time to buy for the long term (if 4H cloud support holds), but the Cup top is a clear entry point. Otherwise it will keep going down until we hit 1D cloud support, or a lower Fib support level .
LINKBTC            

*(4H-) means anything on the 4 Hour or lower (4H, 3H, 30min, etc.) time frame.
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