LINKUSD
Although it hit an acceptable fib that would work as a shallow wave 2 at ~7.35$, it is highly unlikely that this correction is over.
syncing it to the rest of the market, with the expected bitcoin retrace to levels between 11 and 13k usd, link would eventually seek a deeper wave 2 correction, as per the chart.
all 3 levels would be acceptable, though falling below the 2.44 would definitely means troubles.
Regardless, 2.44-5.3 area would be a great opportunity to load up some
LINK
syncing it to the rest of the market, with the expected bitcoin retrace to levels between 11 and 13k usd, link would eventually seek a deeper wave 2 correction, as per the chart.
all 3 levels would be acceptable, though falling below the 2.44 would definitely means troubles.
Regardless, 2.44-5.3 area would be a great opportunity to load up some
LINK
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.