LINKUSD Short Term Bullish Up Move

Hi everyone:

Also paying attention to LINK as we have similar bullish reversal price action on the LTF.

After price dropped down from the bearish sell off, we see a descending structure forming, correcting the price within.

Its a good indication that we have double bottoms, bullish reversal impulse to break out of the descending price action.

This give us a good confluence that the bearish momentum may be exhausted, and we can expect some short term up move.

Now that the LTF price has a clear impulse up, wait for a continuation correction to form and complete, before jumping in on the buy to recent highs.

thank you

评论: