/biz/ - Business & Finance

Here's LINK.

Chart might seem complicated, but bear with me (hehehe bear ehheh .. eh)

After the break and retest of big pennant (yellow lines) I've entried link at an average of 6560ish.

Purple lines were a minor bull flag, which led to another move up. All good.

Now we're in the way of forming another pennant, however, this one might break down! Usually pennants and flags are continuation patterns as in they indicate another move up, but not always.

However, IF this breaks down (which I think it will cause of minor pullback of BTC effecting alts aswell) I think it will only drop to somewhere near the green line to form a bigger pennant.

I know, sounds memey and silly, but this looks good. Anywhere near the green line would be a very good entry, (anywhere below would be a stop loss)

I've mentioned on previous threads about the cup & handle formation that's going on with link, which means I'm bullish medium term.