This move is getting weaker & weaker and posting lower highs similar to the China pump.
I'm expecting this to slow bleed and ultimately dump to about 6k.
I believe we will go sideways and chop there for a few months before eventually breaking the downtrend in confluence with the halvening and finally going into a full on bull market.
The chart is pretty self...
I see possible bullish and bearish scenarios here.
Refer to chart for scenarios.
Important to note I believe this depends on 2 factors.
One being the health of Bitcoin & 2 being the release of LINK staking.
Release of staking I think will see LINK bullish and push for possible ATH, and decoupling from BTC in the process.
Bitcoin going sub 6.5k and possibly...
Currently REP/USD is in a descending channel.
What is a Descending Channel:
It is when you have a downward trend with parallel lines showing Higher-Lows & Lower-Lows.
If the channel breaks down sharply, we will have a continuation of the trend and see further downside.
If the channel breaks sharply up, we will have a reversal of the trend and see greater...
Link has been relatively tame for it's normal self, and I think it's due for a good run-up potentially to ATH and ultimately into price discovery. But first things first. It's important to note, none of this is trading advice, and readers should consider this as an opinion. Previous results can't guarantee or dictate future results.
An ascending triangle has been...