Pretty clear TA here on this one. An ascending triangle and an Eve&Adam reversal.
Three possibilities in play:
1) We break above (blue) 0,07 mark and stay above to confirm this Eve&Adam reversal
2) LINA stays within this ascending triangle and move up after another drop to the yellow uptrend-line
3) Worst case, we break through this ascending triangle and test the support level of ~0,026 again
On this coin, we are still in accumulation phase and I expect a strong breakout the earlier or later with good volume above 0,07!
Interestingly, the target of this Eve&Adam reversal is exactly the 0,618 Fibs!
Three possibilities in play:
1) We break above (blue) 0,07 mark and stay above to confirm this Eve&Adam reversal
2) LINA stays within this ascending triangle and move up after another drop to the yellow uptrend-line
3) Worst case, we break through this ascending triangle and test the support level of ~0,026 again
On this coin, we are still in accumulation phase and I expect a strong breakout the earlier or later with good volume above 0,07!
Interestingly, the target of this Eve&Adam reversal is exactly the 0,618 Fibs!
Trade active:
Well, LINA takes the blue possibility and breaks out with huge volume! Expecting a retrace and to reach the target of 0,11536 within the next few weeks.