I only posted my first LINK chart yesterday. I’m just updated now because the week closed out. I am watching this longterm, in weekly candles. Short term, LINK seems to be trending up. But if it is to stay in this descending triangle, it doesn’t have much room to rise before rejecting down. $3.13 is about as far up as I see it going.
Please see my other LINK post - I have almost no fundamental knowledge of this crypto, I am only looking at the chart. And I am only really looking long term in weekly candles.
The bottom resistance of this pattern sits at about $1.60. I would consider a buy there since there is lots of time if this plays out to the end. I wouldn’t conclude until May 2020.
I’ll be watching for a break up or down out of this triangle in the meantime. If it holds in this pattern, there could be some good money to be had playing the top and bottom. If it holds, I would expect several tests of both.
Thanks for listening.
satoshmike
I am not a professional trader, investor or adviser. This is not, in any way, financial advise. Always do your own research.
Twitter - @satoshmike
Please see my other LINK post - I have almost no fundamental knowledge of this crypto, I am only looking at the chart. And I am only really looking long term in weekly candles.
The bottom resistance of this pattern sits at about $1.60. I would consider a buy there since there is lots of time if this plays out to the end. I wouldn’t conclude until May 2020.
I’ll be watching for a break up or down out of this triangle in the meantime. If it holds in this pattern, there could be some good money to be had playing the top and bottom. If it holds, I would expect several tests of both.
Thanks for listening.
satoshmike
I am not a professional trader, investor or adviser. This is not, in any way, financial advise. Always do your own research.
Twitter - @satoshmike