What's up frens. We got a REALLY nice reversal here with what looks to be a clear break of the multi year pitchfork prong that has been acting as a SUPER strong level of resistance.
- Light Blue arrow: Strong looking V reversal pattern with 2 back to back daily buy signals from True Vibration 2.0 indicator. That' major bullish right there and if you bought that dip? You're up 100% since then. I bought that dip, because I buy every week and DCA like we've been talking about.
- Orange arrow: After a strong rally, price action closes well outside the Bollinger bands on the daily. This also coincides directly with the same blue 1.0 deviation pitchfork prong that we talked about above. HUGE S/R line acting as resistance here.
- Red arrow: Multiple fakeout dips straight off of that S/R line. Quickly bought up with good volume. One last major dip before the final break through of the trend line.
- Green arrow: Clear break above multi year trend line. We'd like to see this daily close well above it, and we'd expect it to be tested? But the weeks of pushing against this resistance trying to break through? Might result in a more explosive move upwards.
I'm targeting the next two pitchfork prongs, as they align well with previous major S/R levels. I'd obviously expect it not to be a straight line. We'd like to see it retest and hold at S/R on it's way up.
As always though. I'm going to just keep buying and focusing on building as big a stack as I can before Super Linear Staking drives price out of my comfort zone.
$LINK will reward patience.
- Light Blue arrow: Strong looking V reversal pattern with 2 back to back daily buy signals from True Vibration 2.0 indicator. That' major bullish right there and if you bought that dip? You're up 100% since then. I bought that dip, because I buy every week and DCA like we've been talking about.
- Orange arrow: After a strong rally, price action closes well outside the Bollinger bands on the daily. This also coincides directly with the same blue 1.0 deviation pitchfork prong that we talked about above. HUGE S/R line acting as resistance here.
- Red arrow: Multiple fakeout dips straight off of that S/R line. Quickly bought up with good volume. One last major dip before the final break through of the trend line.
- Green arrow: Clear break above multi year trend line. We'd like to see this daily close well above it, and we'd expect it to be tested? But the weeks of pushing against this resistance trying to break through? Might result in a more explosive move upwards.
I'm targeting the next two pitchfork prongs, as they align well with previous major S/R levels. I'd obviously expect it not to be a straight line. We'd like to see it retest and hold at S/R on it's way up.
As always though. I'm going to just keep buying and focusing on building as big a stack as I can before Super Linear Staking drives price out of my comfort zone.
$LINK will reward patience.
