Link is on the verge to complete its cup& handle formation.
Breakout validation will be confirmed by larger volume and getting past the neckline.
Stop can be set to the bottom of the handle with two targets equal to the handle size and cup size in sequence.
Targets are also aligned with previous weekly highs and fibonacci levels if you analyze in depth which validates the strong resistance prices for me.
Breakout validation will be confirmed by larger volume and getting past the neckline.
Stop can be set to the bottom of the handle with two targets equal to the handle size and cup size in sequence.
Targets are also aligned with previous weekly highs and fibonacci levels if you analyze in depth which validates the strong resistance prices for me.
Comment:
Handle complete, lets roll
Comment:
Handle breakout failed. Looks like an ascending triangle is forming instead atm. Will watch closely and post an update if this pattern holds.
Comment:
that one failed as well. Below $21 it will be dead :)
Trade closed: stop reached