12H/4H charts
Link formed a symmetrical triangle on the 12H, broke out to the upside and rested the structure for a continuation. Reacted nicely into the 0.5-0.618 fib measure on the first breakout wave and tapping the daily demand zone and 12H demand from the initial move that created a Change of Character (CHoCH) in the market, meaning a change of trend forming new higher highs and higher lows.
Momentum on MACD looks good with for a continuation and could expect to see price head towards the last high and into the 1.272 fib.
Link formed a symmetrical triangle on the 12H, broke out to the upside and rested the structure for a continuation. Reacted nicely into the 0.5-0.618 fib measure on the first breakout wave and tapping the daily demand zone and 12H demand from the initial move that created a Change of Character (CHoCH) in the market, meaning a change of trend forming new higher highs and higher lows.
Momentum on MACD looks good with for a continuation and could expect to see price head towards the last high and into the 1.272 fib.
