viilutaja
Short

Forecast for LINK in 3 day chart

BINANCE:LINKUSDT   ChainLink / TetherUS
I think that next stop is at 0.618 Fibonacci line, which in 3-day graph should put us roughly at $ 2.0400 mark.
Which may not hold if BTC moves even lower to around 8300-8100 usd level. If that happens we will definetly see LINK at $ 1.7 or lower.

MACD Indicator is showing us, that we are about to cross down from moving average, which is not a good sign.
But STOCH RSI is showing that we are reaching oversold positions at 3 day frame and we may soon see a push upwards. It may very well happen at previously mentioned support point (at 2.0400-2.0200 price range).
Trade active: Seems we are going below $2 very soon.
Ofcourse it already did, for short period of time, but it bounced back... weak bounced.
Trade closed: target reached: Just closing old trade ideas. We went slightly below 2usd, but bounced nicely up. Got a long signal from the bot i use (1D time frame) and it predicted the current price bump by half a day (when price was ~2.1500$). I have not yet got a signal to short/sell.

Comments

Am still short (3x lev) from 2.7$
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viilutaja vbstreetz
@vbstreetz, Thats really nice for You. :)
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Nice Fibonacci placement !!
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