LINK has had a rough time since May 2021 and has fallen >50% from its ATH. Despite the fall, the chart confirms clear long-term support since March 2020 (almost 2 years!). It has recently bounced from the lower trend line so it can continue upward within the triangle and meet the descending trend line as resistance.
In the mid-term the price can bounce within the triangle (unless a bullish breakout occurs earlier) until it decides which way to go. With the ~2 year support line I think a breakout is more likely but I will revisit as/if it approaches that area. Potential mid-long term targets are marked on the chart based on resistance points.
With this being a long-term hold entering through DCA will reduce the risk.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
In the mid-term the price can bounce within the triangle (unless a bullish breakout occurs earlier) until it decides which way to go. With the ~2 year support line I think a breakout is more likely but I will revisit as/if it approaches that area. Potential mid-long term targets are marked on the chart based on resistance points.
With this being a long-term hold entering through DCA will reduce the risk.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
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Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.