This signal is based on inter time-frame pattern recognition and in particular ChainLink's July/ August 2019 4H price action versus the 2018 1D candle action. Before there are any misunderstanding and willing critics of the different time frame comparison, I am stating that I am interested in pointing out the obvious similarities. Trading psychology
is the same whether on short term pattern or a longer term horizon.
So to cut straight into the study at hand, we see that LINK's 1D chart on the 2018 bear cycle ended with a Double Bottom
below the MA50. What followed was a strong 6 month rise to a new All Time High.
Similarly the current July/ August 2019 4H price action is on Double Bottom
levels and below the MA50. If the same trading dynamics apply then soon we should see a bullish
reaction first to the 2.75 Resistance and in a month's time towards 4.5000.