ChainLink Update...Still on the Sideline.

LINKUSD

Still patiently watching Link since my potential short set up idea;

A very crude head and shoulders pattern forming at key resistance zone.

Trend line could be close to breaking.

Before taking any trades i think we need to see some kind of decent move in either direction.

Shorting here with so much buying pressure close to our entry doesn't not offer great R:R potential and longing into key resistance does not appeal to me.

A substantial break out above it and longing a retest of structure above it does.

For now Link is still on my watch list while i keep my fingers away from buy/sell buttons :)

For spot buying Chainlink to add to my stack I'd try and stay patient and wait for a retest of low $4 range.

My previous potential short;