Since about a few weeks ago I have been very confident of the price of LINK
I have a position in LINK at $28USD which I keep changing the stop-loss and till now, hasn't closed out.
To better understand what my ugly chart is about, I am going to explain what I have used.
The was made a few months ago and it has been the only indicator I have been using for LINK to identify key levels.
Recently, there was a breakout from my which I expected as identified by the and although LINK didn't manage to form the wave completely, the breakout was expected.
So now, we move on to what is called resistance to support which is essentially the past resistance becoming the new .
This is indicated by the top part of the (white dotted line) which should act as a , that new has also been tested twice as you can see in the chart where one time, the wick has dipped slightly below it and rebounded.
My strategy is to price my stop-loss around that resistance to
I am still overall long on LINK, this analysis is just for identifying support levels for the new ATH .
Disclaimer: This is not financial advice duh...