LINKUSDT - We may dip down to 19.2XX level short term
Hi, everyone!
Just providing an update for the short-term forecast using Phoenix indicator by David Ward (@WyckoffMode).
* 12H Green line is nearing level 50, if it hits 50 it may lead the price action to fall to the basis. Which now is near 19.2XX level.
* 6H Red Rsi is nearing level 50 and if it goes below level 50 it will tirgger the race between the energy on the 6H and Red Rsi on the 12H. With the red rsi below level 50 and the green below level 50 on the 6H we see a price action to fall to the Aqua Orange Bbands as they contracting. So that might be around 18.7XX, just shy below the 12H basis.
* 3H and 90M we need to see the green higher than the energy to be sure that the price action can continue going up. Another way have a chanse to see a dip before going up.
Overall:
There is a possibility to dip down to 19.2XX and 18.7XX, before upward pressure will resume.
This publication tagged as Neutral since we can't figure out if we are going up or down.
If you have a moment click like and subscribe to my channel to receive updates.
And remember: this market doesn't respect doubters!
Just providing an update for the short-term forecast using Phoenix indicator by David Ward (@WyckoffMode).
* 12H Green line is nearing level 50, if it hits 50 it may lead the price action to fall to the basis. Which now is near 19.2XX level.
* 6H Red Rsi is nearing level 50 and if it goes below level 50 it will tirgger the race between the energy on the 6H and Red Rsi on the 12H. With the red rsi below level 50 and the green below level 50 on the 6H we see a price action to fall to the Aqua Orange Bbands as they contracting. So that might be around 18.7XX, just shy below the 12H basis.
* 3H and 90M we need to see the green higher than the energy to be sure that the price action can continue going up. Another way have a chanse to see a dip before going up.
Overall:
There is a possibility to dip down to 19.2XX and 18.7XX, before upward pressure will resume.
This publication tagged as Neutral since we can't figure out if we are going up or down.
If you have a moment click like and subscribe to my channel to receive updates.
And remember: this market doesn't respect doubters!
Comment:
Price action may go little bit lower, i expect 18.3XX level
Comment:
