Hi everyone
the price action of the Link right now is still strongly bullish but we have to
consider the crypto leader BTC is still in bear side so what I expect in short term
is a sideways move or a little more drop to my green box. the 15.8 level is a strong
support level that may test before an impulsive move upward.
you can see on the chart the price is moving into the wedge and ICHI cloud
the confirmation of sideways move. (below the cloud is bearish and above the cloud is bullish)
MACD is tending in the positive side, indicating the price may keep moving upward.
SO..................
as I mentioned what I expect for a short term is moving into the wedge and if Bitcoin
starts another drop 15 level on the chart has more chance to hit.
if something changed I will update the chart
Enjoy the market
the price action of the Link right now is still strongly bullish but we have to
consider the crypto leader BTC is still in bear side so what I expect in short term
is a sideways move or a little more drop to my green box. the 15.8 level is a strong
support level that may test before an impulsive move upward.
you can see on the chart the price is moving into the wedge and ICHI cloud
the confirmation of sideways move. (below the cloud is bearish and above the cloud is bullish)
MACD is tending in the positive side, indicating the price may keep moving upward.
SO..................
as I mentioned what I expect for a short term is moving into the wedge and if Bitcoin
starts another drop 15 level on the chart has more chance to hit.
if something changed I will update the chart
Enjoy the market
Comment:
the bulls seems stronger than I expected. if 23.4 breaks the price could hit 33.2 easily.
Trade active:
my uptrend targets has been changed a little bit.
Comment:
Trade closed: target reached:
the price hit the trend line, below 19.8 will drop to 17.8 or even more.
Comment:
the blue key area worked well as support
