LINKUSD - Upward Pressure May Not Begin Until End of June, 2020.

We must assume downward pressure continues until last week of June or first week of July; when looking at the higher time frames. LINKUSD is not quite ready to resume upward pressure just yet. One good way to look at this pair is we legged up to a higher trading range for re-accumulation in May and June, 2019. We've been in a period of re-accumulation for nearly a year between $1.50 and $4.50. We have a very good chance of seeing a "Sign of Strength" (SOS) in July and August up to around $10.00. Then expect a pullback to around $5.00 during the month of September, 2020.

Kommentera: