$LINK.X, LINK Breaking out of Raising Wedge?
Hi Community,
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with this, we should see LINK price fall down to the $21-$23 range.
Currently, RSI<50 and price is below all EMAs.
What do you see?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and happy trading!
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Needless to say, this is not financial advice!
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with this, we should see LINK price fall down to the $21-$23 range.
Currently, RSI<50 and price is below all EMAs.
What do you see?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
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