Two days ago I made an analysis on LINK. In this analysis I argued that LINK was trading inside a bullish channel and that we're going to see either more consolidation or a break out.
Earlier today, LINK saw a nice move up and broke out of the channel. With the market trading down currently, I'm still not confident we're going to reach the first target at $32 soon. It appears that the first support is going to be the top trend line of the channel, a re-test might launch the price up.
However, there might be more downside in the current market. In that case, look for a reversal from the bottom trend line of the channel.
On the other hand, the overall market is still bullish. Therefore I've added a second target to the break out pattern at $35. Might take a week or two to get there.
Happy trading!
Earlier today, LINK saw a nice move up and broke out of the channel. With the market trading down currently, I'm still not confident we're going to reach the first target at $32 soon. It appears that the first support is going to be the top trend line of the channel, a re-test might launch the price up.
However, there might be more downside in the current market. In that case, look for a reversal from the bottom trend line of the channel.
On the other hand, the overall market is still bullish. Therefore I've added a second target to the break out pattern at $35. Might take a week or two to get there.
Happy trading!
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。