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imkeshav
Nov 26, 2020 5:23 PM

LINK - recent rally appears to be a corrective/ counter-trend  Short

Chainlink / U. S. DollarKraken

Description

The bounce looks corrective and confined to the channel, assuming its a (B) wave for now. The drop is looking impulsive now

Considering this as 1st leg of the (C) wave

Expecting $6 as target
Comments
shy_glizzy
Cant and "they" will not let it happen
UnknownUnicorn5169131
tomorrow is black friday!
Sweetcanary
wonderful thank you ! hope it works out like that, another trader says it has to go to $2
Hop7777
@Sweetcanary, another trader is wrong. Not freaking going to $2.
Sweetcanary
@Hop7777, Good if I can get it around $5 I will be glad ! thanks a lot !
Tabarak1010
any thoughts on XLM?
harisonhbn9718
Maybe, I believe that your technical analsyis it's ok, so the only that maybe it's all depending on what Bitcoin do. Noticed that in my own technical analysis I have an ABCDE elliot wave analysis and general, it's could be drop. But I'm still bullish toward the $19.30 USD
WaveRunr
Great job just saw this. If you look at Volume By Price as well it supports your idea. I have us today at completing Wave 2 of C down at the .618 Fib Retracement. Great job!
without_worries
Excellent analysis amongst this bullish euphoria - liked!
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