LINK/ETH Cup and Handle - still intact?
Looks to me like a large ~11 week cup and handle forming since mid-October.
The handle has been forming for a while, however I know it shouldn't really breach halfway down the cup (which it now has). Could still be intact, and if so, the Fib levels 1.0 (conservative) and 1.618 (ambitious) could be potential targets.
MACD negative momentum is slowing, though no sign of a golden cross yet.
RSI is oversold on this strong/sharp downward trend we've had since 09.01.18.
These both indicate to me that the trend is changing, and we may be heading to the breakout point.
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This is just my interpretation. Please don't rely on this chart for your own finances and risks! Opinions and critique gladly welcomed (still learning!).
The handle has been forming for a while, however I know it shouldn't really breach halfway down the cup (which it now has). Could still be intact, and if so, the Fib levels 1.0 (conservative) and 1.618 (ambitious) could be potential targets.
MACD negative momentum is slowing, though no sign of a golden cross yet.
RSI is oversold on this strong/sharp downward trend we've had since 09.01.18.
These both indicate to me that the trend is changing, and we may be heading to the breakout point.
-----
This is just my interpretation. Please don't rely on this chart for your own finances and risks! Opinions and critique gladly welcomed (still learning!).
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