Stinky LINK Pulling A Head & Shoulders..?
My Fellow Crypto Traders,
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Cheers & Happy Trading!
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ANALYSIS:
Good Ol'Stinky LINK pulled a fast one and appears to be developing a head and shoulders like structure. This narrative upholds sufficient confluence between the EMA's looking bearish, RSI has exited the overbought region and is approaching the oversold region, along with an incomplete W structure, which would coincide with the developing head and shoulders formation. Therefore, could see a bounce off the 718 to complete shoulder (R) in which would also complete the W formation as it continues to the upside. This also could be validated by several other alts appear to be creating the same head and shoulders type structure, due to coin correlation.
Appreciate you taking the time to view my analysis which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing.
Cheers & Happy Trading!
--------------------------------------------------------------------------------------------------------------------------------------------------
ANALYSIS:
Good Ol'Stinky LINK pulled a fast one and appears to be developing a head and shoulders like structure. This narrative upholds sufficient confluence between the EMA's looking bearish, RSI has exited the overbought region and is approaching the oversold region, along with an incomplete W structure, which would coincide with the developing head and shoulders formation. Therefore, could see a bounce off the 718 to complete shoulder (R) in which would also complete the W formation as it continues to the upside. This also could be validated by several other alts appear to be creating the same head and shoulders type structure, due to coin correlation.