Link has just broken out of a 4 month old channel. It has not been confirmed yet but if we see it flip to support and volume come in, a big move is likely to come.
We actually re-entered this channel 4 months ago, it was first formed in March 2020 -
We also broke past the weekly R2 giving us 20% till the R3.
Hello to you all. Mars Signals team wishes you high profits at all times.
According to the price having had many ranges during these weeks and has not been able to break the channel and is ranging, we feel that in the one-hour timeframe this is a pull back and there is the possibility for the price going up.
But you also need to keep this in mind that there is the...
Good project anyways more fundamentals pointing to bull but as far as technicals go. Looks clean enough imo. I didn’t flood the screen up with indicators today but I have multiple confluence for this trade. In this specific chart we can see rejection above the kumo cloud on the daily time frame and LINK push up and gain momentum in lower tf to upside with...
- LINKUSDT is testing the ascending trendline support.
- The retracement to the ascending trendline support is resisted by the descending trendline resistance.
- Possible uptrend continuation.
BUY ENTRY ⬆️
- Aggressive (risky): current markets price (now).
- Conservative : breakout above the descending trendline resistance.
SETUP INVALIDATION ❌
We are currently on the way back. LINK is definitely one to watch out for, its extremely volatile with plenty of profits to be captured. The bounce back alone saw a 12% rise. We will be watching price and what it does when it comes up to test the high of $25.5.
The Market Sniper Team