LINKUSD short till $6 for COINBASE:LINKUSD by unfoldingdawn

TradingView

Upgrade Start free trial

1054 views

chartpattern trendanalysis linkusd

Hit resistance and overbought. Short target around $6.00

Trade closed: stop reached: Win some you lose some.

Comments

So much support above $7.50 now... doubt it

what a fool!!Another Zeus fanboy

Haha

Bruv, Fibs don't work when you're in price discovery.

AJFG

@AJFG, I'm asking as a noob in TA and trading in general, why don't fibs work?

dylan1234

@dylan1234, Because you need a high and a low. Where's the high ? No one knows. It's being discovered. All you can do, is watch out for the resistance levels, and keep tabs on Oscilators, to see when the tides are turning. In this case, Daily RSI is still below 80 % ( overbought zone ), volume is still good, so at the very least, it will go for the R2, best case, the R3.

AJFG

@AJFG, that's why it's called a fib EXTENSION

Etch1234

@Etch1234, Sure, i use extensions, but i like i said they don't work in PRICE DISCOVERY.

soon $5

Man i love you