LINK- Bullish Fractal Present, But that usually means retrace.
LINK seems to be throwing u bullish fractal. This is generally a sign we're gonna get growth, but after a retrace.
This will be invalidated if we get a volume confirmation on a breakout from top line, at which point I'd look for a retrace then get in.
At the moment I'm not seeing a true breakout, we're at the upper resistance limit, which might be the START of a breakout but no confirmation yet.
Two paths we can go here in my eyes, either the bull fractal gives us our retrace and text book entry down the fib levels, or btc.d keeps slipping and link gets the volume to bust through here and we look for a retrace to continue upwards.
Both options should show confirmation before they hit, so set your alerts on the volume for a breakout. and trust in the volume to not lie to us.
This will be invalidated if we get a volume confirmation on a breakout from top line, at which point I'd look for a retrace then get in.
At the moment I'm not seeing a true breakout, we're at the upper resistance limit, which might be the START of a breakout but no confirmation yet.
Two paths we can go here in my eyes, either the bull fractal gives us our retrace and text book entry down the fib levels, or btc.d keeps slipping and link gets the volume to bust through here and we look for a retrace to continue upwards.
Both options should show confirmation before they hit, so set your alerts on the volume for a breakout. and trust in the volume to not lie to us.
Comment:
broke through! very tiny and quick retest beforehand confirmed bull fractal. definitely going up.
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