Recent correction may have seemed scary and may have made bears 🐻 jump on their ships 🛳 hoping this is it, the apocalyptic drop they've been waiting for. Although possibility is there that this is the beginning of a correction, looking at this chart make me think that LINK has a chance to run to ATH for the following reasons:
1. We are in a parabolic advance.
2. RSI is doing just fine
3. Pattern is awfully similar to Jul-Aug formation (see big green circles showing similarities)
We could till easily go back to $15.50-15.75 range but as long as we hold the Parabola, I do not see anything wrong with recent correction.
This very well could be a buy the dip opportunity. I am treating it as such only if parabola holds which I think it will.
Thoughts/comments are very welcomed, especially from Gloom and Doomers
1. We are in a parabolic advance.
2. RSI is doing just fine
3. Pattern is awfully similar to Jul-Aug formation (see big green circles showing similarities)
We could till easily go back to $15.50-15.75 range but as long as we hold the Parabola, I do not see anything wrong with recent correction.
This very well could be a buy the dip opportunity. I am treating it as such only if parabola holds which I think it will.
Thoughts/comments are very welcomed, especially from Gloom and Doomers
