Bullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.
Watch Me On Youtube www.youtube.com
Link USD on the Daily has been in this Equilibrium pattern for sometime now and we should be breaking out of this pattern by the end of the week or beginning of next.
We are primed for a HUGE run for LINK/USD. This symmetrical triangle has been forming for over a month and it looks like it is ready to pop. I expect this to break up due to bullish volume as well hype circulating about the Web3 Summit which is in 9 days. The MACD was looking bearish for a moment but it looks like there is going to be a bullish bounce at the...
Bears have the momentum after breaking out of this Equilibrium pattern with lower highs and lower lows.
Pattern: Channel Up on 1W. Signal: Bullish as the price made a strong hold on the former Channel Up (bold lines). Target: 3.40000 (meet with the ATH trend line (dashed)).