On hourly chart, you can see LINK has formed an inverse head and shoulder between 8th Dec to 17th Dec 2020.
Neckline is the white-line, it has been broken and has been retested a few times now. A break above $13.60 will send us up to a minimum of $15.39.
$15.39 is the first minimum target measuring the height of H1 (from head to neckline) and pasting H1 above the neckline to form H2. Therefore giving us $15.39.
However if the momentum is strong, it could send us to price target 2 at $16.60 (1.618 times of H1, golden ratio of FIBO level) or price target 3 at $17.37 (2 times of H1).
Let's prepare for a bullish move of Link in coming days! Cheers!
Neckline is the white-line, it has been broken and has been retested a few times now. A break above $13.60 will send us up to a minimum of $15.39.
$15.39 is the first minimum target measuring the height of H1 (from head to neckline) and pasting H1 above the neckline to form H2. Therefore giving us $15.39.
However if the momentum is strong, it could send us to price target 2 at $16.60 (1.618 times of H1, golden ratio of FIBO level) or price target 3 at $17.37 (2 times of H1).
Let's prepare for a bullish move of Link in coming days! Cheers!
Order cancelled
Very sorry that the inverse H&S has failed. Trade carefully therefore.Note
Please refer to my latest idea here, 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.