LINK Daily Kihon Suchi potential reversal
From late December until mid-late February LINK has climbed upwards of $35 with minimal time frame reversals of 3-4 days before continuing the uptrend until around 22 Feb where there is the potential for a full 9-period reversal. If LINK can continue to stay above the area of $24 and the Kumo a rebound is possible. I'm a bit skeptical on this reversal until we can get another candle closed out and get the lower time frames back to bullish. We are right on the edge of more bearish movement with the possible Tenkan/Kijun crossover and the Chiko Span about to cross the price-line.
Utilizing the NT calculation, The area around $37 is the potential target for the 17, 26, and 33 period time frame.
As always, comments and ideas are welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Utilizing the NT calculation, The area around $37 is the potential target for the 17, 26, and 33 period time frame.
As always, comments and ideas are welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
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