Overall LINK is looking very bullish. After tapping this demand zone 3 times, and with the news about Google, I am definitely long term bullish on LINK. Here is my setup and how I am trading it for the long term. I plan on LINK not testing that demand zone again, I believe we will see LINK go and touch that 38.2 of the long term fibs and eventually the 61.8. I want to see buy volume come in and continue to increase for me to remain bullish. If you are in it for the long term, now is a good buy to hold. My wave count is basically an ABC or 5 wave impulse based on how C performs. Either way, I do think we see the 38.2 to get hit, and then I will reevaluate my position after.
This is not financial advise. Good luck out there.
This is not financial advise. Good luck out there.
Comment:
And the RSI lines are what I call 'bullish territory'. Once we enter that area, I start looking for a break out for real bullish movement.