If my count is correct we have completed the 3-3-5 flat correction completing the full corrective wave 2. Currently sitting oversold with some bullish divergence on the RSI and bouncing off long-term support. My only concern was the very deep correction almost near the fib 78.6 retracement of what I have labeled as wave 2.
I'm currently holding a position with...
in my opinion wave 5 of wave 1 is complete and we are looking for a pullback to complete wave 2. Possibly bounces based on fibs and support shown on the chart with personal staggered buys in these areas
Matic re-testing that resistance and i'm seeing some bearish div so possible pullback here after this push up. I expect a break of resistance then a failed re-test imo but we will see how this last push finishes
$Link with a nice strong bounce off the fib 1.618 retracement of what i call sub-wave 2 of the 3rd impulse wave. Starting to see some bullish indicators on the 1 hour but play this one safe we could see more downside but long-term i'm bullish. My next targets are round the 4.00 area.
#link #linkusdt #linkusd