I think it's better to look at LINK based on ranges rather than trenlines at least for the moment. The trend-lines that I see have a lot of false breaks from them. That's not to say it isn't holding those particular lines. It's just better to rely on these ranges than see it dip 2-3 cents below the line and shrink back up. What I mean by 'ranges' is the area between the constricting horizontal lines I've drawn on the chart. As you can see as time has gone on the price action is continuously constricting to particular ranges and not leaving them. Trend-lines are basically just a way of visualizing this.
I certainly feel a break from this constriction is imminent. The question that remains always, up or down? No one knows for certain. Though we can use price action moving outside of these 'ranges' to give us an indication of further movements. Price also tends to move back and forth between the range consolidating before another leg up or down occurs. You can use these moments to time your market orders.
You should also keep in mind the levels I'm looking at could be completely wrong in comparison to what the market sees. They could also be perfectly correct. Regardless you need to keep your money safe. Do not solely rely on any given analysis I publish dictate what you choose to do with it. As always I appreciate the time you've spent reading my thoughts! Drop me a like if you found this helpful or interesting.
I certainly feel a break from this constriction is imminent. The question that remains always, up or down? No one knows for certain. Though we can use price action moving outside of these 'ranges' to give us an indication of further movements. Price also tends to move back and forth between the range consolidating before another leg up or down occurs. You can use these moments to time your market orders.
You should also keep in mind the levels I'm looking at could be completely wrong in comparison to what the market sees. They could also be perfectly correct. Regardless you need to keep your money safe. Do not solely rely on any given analysis I publish dictate what you choose to do with it. As always I appreciate the time you've spent reading my thoughts! Drop me a like if you found this helpful or interesting.
Comment:
Well that was a pretty good explosive move lol. Let's see if we can't hang on to $2.73-75 and make another move for $2.88-89.