Been following LINK since the golden /biz/ days. Happy to see it using key price points to slingshot itself back to the top of the current pennant.
Going forward should be interesting. I generally like to see crypto's hold above/below a pennant for a minimum of three days before I reset the TA. But a breakout this close to the end of the pennant could signal an immediate confirmation and a move higher. This will be especially true if we see a slow bleed off of the current BTC rally as people take gains to move into alts. A sharp drop in BTC would most likely cause a negation in the current move for LINKUSD.
This is not trading advice.
Going forward should be interesting. I generally like to see crypto's hold above/below a pennant for a minimum of three days before I reset the TA. But a breakout this close to the end of the pennant could signal an immediate confirmation and a move higher. This will be especially true if we see a slow bleed off of the current BTC rally as people take gains to move into alts. A sharp drop in BTC would most likely cause a negation in the current move for LINKUSD.
This is not trading advice.