LINK.USDT (Y20.P3.E5.v2).Rare Gems.No.1.not there yet

2020년 9월 2일

** This is a continuation from the previous post, link provided below **

As you can see based on the non log chart, it makes it easier to understand price action here.
The trend line is key to this and must hold which its doing, however as per chart, wave 3 to 4 is a complex wave and hence
is designed to strip your profits, like we did with 9k to 10.5k with BTC.
Hence I'm staying away from further action, I bought in and now wait it out.

OBSERVATIONS:
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> fib. levels are aligned with price actions support and resistance levels
> similar KDJ pattern to the previous wave 1 to 2 and hence will use this as a guide
> many levels to break on the upside what looks like a ascending triangle
> the ABC correction is complete however gaining momentum will be slow
> the trend is good

MY THOUGHTS:
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I already hold LINK as I bought some at the $12 to $13 dollar mark. I want to buy more but I rather look for charts that are or have moved significantly.
Once these coins slow down, eg BTC or ETH, I'll redirect some of the funds to LINK, if LINK is ready.

NOTE: BTC dominance is about to have another bounce as it approaches a key level. My guess would be it does another break to the upside (breaking 12k) to reach 12.5k or more.
Won't be long so this might explain the ascending triangle taking place for LINK.

The DAILY gives a good account to what's going on, from a bullish perspective. I see it bullish based on the indicators as well.


What are your thoughts?

Please give me a like or tick for this post


Regards,
S. Sari




PREVIOUS POST related to this continuation:

2020년 9월 4일

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