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adriatique
Nov 23, 2020 1:13 AM

LINK - Bulls picking up momentum Long

ChainLink / US DollarBinance

Description

Medium Term Time Horizon
Quite a struggle over the past 48 hours and some profit taking most likely the driver behind a successful weekend from the bears. Stoch RSI hovering around .2 level I am interpreting as sellers running out of momentum. We appear to be in early stages of consolidation around the $14.30 level which has me expecting bullish moves early in the week. Watching for a breakout above $15.50 that would become new support and setting stops @ $14. Thoughts?
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