LINK WEEKLY. TWEEZER TOP AND TD SEQUENTIAL 9 SELL WAY OVER DUE.
Tweezer Tops almost always lead to a reversal. Candlesticks are the most powerful indicator we have and tweezer tops almost always play out. If next weeks candle is followed up with a full body bullish engulfing candle and it closes above 20$ then onward and upward we go.
However, on a MACRO intermediate to long term time frame LINK TA is screaming a drop down to 9.00$ to $8.50. When and if it happens it will be brief and there will be a violent swing back up to 13$ to 15$. Then look for a support building consolidation between 11$ 15.00$ for a few weeks and then a reversal back up to new all time highs of 30$ or more.
We are in a bull market and irrational shit is happening every day so this damn thing could see 30$ tomorrow for all I know. But the TA on a intermediate to long term time frame is saying 9$ here we come. Hang on and be patient if it does happen and just buy the dip for the return to new all time highs.
Other LINK Weekly indicators.
The RSI is bullish but trending down
The STOCHS are bullish but just crossed over bearish and are trending down.
The ADX is still bullish but trending down signaling a pullback.
However, on a MACRO intermediate to long term time frame LINK TA is screaming a drop down to 9.00$ to $8.50. When and if it happens it will be brief and there will be a violent swing back up to 13$ to 15$. Then look for a support building consolidation between 11$ 15.00$ for a few weeks and then a reversal back up to new all time highs of 30$ or more.
We are in a bull market and irrational shit is happening every day so this damn thing could see 30$ tomorrow for all I know. But the TA on a intermediate to long term time frame is saying 9$ here we come. Hang on and be patient if it does happen and just buy the dip for the return to new all time highs.
Other LINK Weekly indicators.
The RSI is bullish but trending down
The STOCHS are bullish but just crossed over bearish and are trending down.
The ADX is still bullish but trending down signaling a pullback.