TradingView
Sparkster
Jun 10, 2020 6:03 PM

Weakest Link In The Chain?  Short

ChainLink / US DollarBinance

Description

  • LINKUSD has been on a tear since we began covering it here at Sparkster a month ago. It did indeed drop down almost to target of $3 before rebounding up to test previous ATH of $4.80. But now what?
  • With 3 Hammers we see LINK dropping as low as the $3.70 level for a 13% drop, before pushing through that ATH.
  • When it moves back up, it may move fast, so traders will be looking to Buy The Dip

Trade active

still in play and moving strongly towards target so far

Comment

Trade active

Yikes. Ugly continuation down.

Trade closed: target reached

We tagged the first target yesterday and expect a possible reversal so closing this position.
More