LINK has been one of the few crypto projects with real-world utility and strong international banking integrations. Fundamentally, the project still looks solid, but technically it has remained bearish for a long time against Bitcoin.
Right now, LINK/BTC is still respecting this major descending trendline and trading below resistance. As long as the price stays under this trendline, the market structure remains weak. However, the moment we get a confirmed breakout above this resistance, the probability of a strong recovery move will increase significantly.
A successful breakout could easily open the door for a 50–60% recovery on the LINK/BTC pair. And if Bitcoin itself starts pushing higher at the same time, LINK/BTC could deliver an even stronger impulsive move.
For now, patience is important. The breakout has not happened yet, so waiting for confirmation is the safest approach. After a confirmed breakout and possible retest, we may get a very strong entry opportunity with an excellent risk-to-reward setup.
Right now, LINK/BTC is still respecting this major descending trendline and trading below resistance. As long as the price stays under this trendline, the market structure remains weak. However, the moment we get a confirmed breakout above this resistance, the probability of a strong recovery move will increase significantly.
A successful breakout could easily open the door for a 50–60% recovery on the LINK/BTC pair. And if Bitcoin itself starts pushing higher at the same time, LINK/BTC could deliver an even stronger impulsive move.
For now, patience is important. The breakout has not happened yet, so waiting for confirmation is the safest approach. After a confirmed breakout and possible retest, we may get a very strong entry opportunity with an excellent risk-to-reward setup.
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Follow Us On Telegram & Twitter For Regular Updates
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。