LINK has been in a strong uptrend for years. However, since the last bearish move it has broken through the bullish uptrend and is trading in bear-territory.
For LINK to regain the weekly uptrend, we need to overcome two major hurdles.
1) The first resistance that LINK encounters is the upper resistance of the falling wedge. In case of a bullish break out, a bull-flag has been formed.
2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.
Before both resistances have been recaptured I would not necessarily be looking for long-term investments.
Happy trading!
For LINK to regain the weekly uptrend, we need to overcome two major hurdles.
1) The first resistance that LINK encounters is the upper resistance of the falling wedge. In case of a bullish break out, a bull-flag has been formed.
2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.
Before both resistances have been recaptured I would not necessarily be looking for long-term investments.
Happy trading!
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Related publications
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.
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.