/biz/ - Business & Finance

>>11523909
>>11524153

Explain how we will continue to go up in price with less and less volume each month?

>>11524039

Yes, the uptrend is over, we are now in for a 2 month correction and downtrend.

>>11522830

>Volume decreasing with each pump on the monthly scale
>hit the bollinger bands on the weekly for the first time ever
>extremely overdue for a pullback or even a reversal of trends

>>11522915

Seems like you got the wrong memo. We're fudding till mainnet.

>>11521360

How about you zoom out yourself and stop watching the 1 day charts and start looking at the monthly. The uptrend is weakening and we are due for a reversal any time now.

4 months up in a row, this is Links longest uptrend ever, we are getting less volume each month which signals weakness in the uptrend. We are encountering previous resistance points in the price which Link will bounce off beginning a new downtrend. Think of elliot wave theory. This is wave one, it's just about over now, we are about to enter into wave 2 which will be a 1-2 month long downtrend. We could easily retest 4k sats or even lower.

>4 green months in a row with decreasing volume each successive month

Does this mean we are due for a red month? If we take this as a first wave, isn't a second elliot wave coming and we will be having 1 or 2 months of downtrend for Link? The last Link conference is on the 31st and after that there is no new news, so no reason why the price should hold either in that regard. I think a pullback to 4k sats is quite possible for November and December. Uptrends don't last forever.