LINKUSDT - Triangle pattern, what will happen ?
Greeting,
we are now watching LINK USDT on 4h chart. It looks like a bullish triangle pattern, but needs to wait for confirmation.
It can move in any direction.
T1 - is obvious if it goes up.
T2 - wait for confirmation (bullish candle) after T1
T3 - some higher goals we can only guess
T1 goal = stop below 7.4
T2 goal = stop below 7.00 - which is the main support for the current price range (7.0-8.8)
Under 7.00 we are going deep down to 5.8-5.7
Just my opinion.
we are now watching LINK USDT on 4h chart. It looks like a bullish triangle pattern, but needs to wait for confirmation.
It can move in any direction.
T1 - is obvious if it goes up.
T2 - wait for confirmation (bullish candle) after T1
T3 - some higher goals we can only guess
T1 goal = stop below 7.4
T2 goal = stop below 7.00 - which is the main support for the current price range (7.0-8.8)
Under 7.00 we are going deep down to 5.8-5.7
Just my opinion.
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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.