LINKUSDT: At Risk to Fall to Aqua/Orange Lower B-Band in 2-Day
Hi Everyone! Hope all of you are well today. We have already hit my 4-Day Target of the White Lower B-Band in the 4-Day TF in my previous publication posted November 2, 2020. It appears we may continue to see more downward pressure until potentially mid November, 2020. Since the Red RSI in the 2-Day is below level 50; we are at risk of the price action falling down to the Aqua/Orange Lower B-Bands in the 2-Day TF. My opinion in the video was to place the BULK of buy orders in between the White Lower and Aqua Lower B-Bands in the 2-Day TF (posted below). This is my OPINION of course.
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UPDATE:
Well, I "should" have looked at even lower time frames on this pair. The 12h was looking primed to go back up again. Which means it would have RESPECTED the upper boundary of that Aqua Diagonal Channel once again. My bad on that one... I'll take the time to look at lower time frames next time to see if boundaries of diagonal channels may or may not be respected again FOR THE SHORT TERM time frames.
Well, I "should" have looked at even lower time frames on this pair. The 12h was looking primed to go back up again. Which means it would have RESPECTED the upper boundary of that Aqua Diagonal Channel once again. My bad on that one... I'll take the time to look at lower time frames next time to see if boundaries of diagonal channels may or may not be respected again FOR THE SHORT TERM time frames.
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UPDATE:
My bad... the previous chart was the 6 hour. HERE is the 12 hour:
My bad... the previous chart was the 6 hour. HERE is the 12 hour:
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UPDATE:
A new video currently uploading. It's about 8 or 9 minutes long. I'm of the opinion we should divide our capital intended for investment in LINKl into 8 to 12 parts (10 on average) and use 2 of those 10 parts to accumulate LINK while holding onto the remaining 8 parts (on average) to see if we might get a drop to come down a bit further.
WHY? Because I'm currently not seeing this falling below $9.40. We have strong support at $9.40 in my opinion. We may not even pull back down to $9.40 again to test it.
A new video currently uploading. It's about 8 or 9 minutes long. I'm of the opinion we should divide our capital intended for investment in LINKl into 8 to 12 parts (10 on average) and use 2 of those 10 parts to accumulate LINK while holding onto the remaining 8 parts (on average) to see if we might get a drop to come down a bit further.
WHY? Because I'm currently not seeing this falling below $9.40. We have strong support at $9.40 in my opinion. We may not even pull back down to $9.40 again to test it.
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2-Day Time Frame: