i've been following LINK for a while now and when you think it can't go any lower, it does.
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg
i still believe we get another leg down to the $4.50-$3.85 area before we start to trend up
why do i think this? a couple reasons 1) we have a hidden bearish divergence on the daily chart (price = lower high and RSI = higher high) and 2) equities are set to dump again today after trying to make a comeback the day prior
no clue that this happens but worth sitting on the sidelines until we have clear direction before taking a risky position here
not trading advice, just my thoughts
tjg