Link is like most cryptocurrencies in a downtrend, but on the chart there are patterns for a long.
The descending wedge is an good long pattern on cryptocurrencies.
The key level at the moment is $11.40. A false breakout of this level would be an excellent opportunity to take long positions with a short stop and high RR.
Also, with a squeeze, a breakout of wedge without false breakout of level is possible, so subscribe to not miss updates.
Possible targets for this move are $15 and $20!
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU!
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
The descending wedge is an good long pattern on cryptocurrencies.
The key level at the moment is $11.40. A false breakout of this level would be an excellent opportunity to take long positions with a short stop and high RR.
Also, with a squeeze, a breakout of wedge without false breakout of level is possible, so subscribe to not miss updates.
Possible targets for this move are $15 and $20!
Friends, press the "like" button, write comments and share with your friends - it will be the best THANK YOU!
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
📊 Telegram (FREE Indicators in pinned post) 👉 t.me/cryptonite_ua
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.
📊 Telegram (FREE Indicators in pinned post) 👉 t.me/cryptonite_ua
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.