211
The market is now showing bullish signal and i guess it s now time to look for bullish reversal candles and patterns, but we have some altcoins which are showing otherwise.
They are not showing giving good signal and maybe they do not have enough steam to drop a bombshell. We are going to look at Polygon and Chainlink so that we see where they are going.
Polygon
The picture below is of Polygon and it looks like all the demand has been covered and it has broke out of the trendline and above support level heading for the outer major trendline .
The price is a bit tricky though so i guess its wise to wait for a successful retest then we look for buy opportunities because currently its retracing.
Chainlink
Chainlink seem to gave hit a brick wall as is it failing to break the resistance level at $25. It went up for some days and failed to break the resistance at $31 and now it is trading at the major resistance zone.
There are higher chances that if it fails to break again it will likely fall to trade around $20.So on this i am not seeing bullish signals yet.
Conclusion
These 2 i would not rush to buy as there are no good bullish signal. Its wise to wait for the perfect moment and strike when its ready to buy.
