I wanted to offer a different perspective this week for LINK against the USD.
I rarely use Fib Circles because you can easily create any confirmation bias you want as the circle can be manipulated how you see it. I am generally not a fan of these styles of indicators.
That said, I went ahead and applied a Fib Circle that covers the massive breakout we saw from $6 to $8.90 and back down again to major local support.
If we can Ryan Seacrest back up past $7.50 and lock in 2 consecutive 1D closes above, then we should be forging to $10 in the near future (4 to 5 weeks maximum).
We saw a lot of buy in and minimal sell-side pressure when we blew past $7. The bulls are still in control here.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.