Price brokeout of the ascending triangle as expected from my previous analysis. Price is approaching the ascending channel resistance + trend based fibonacci extension level (1). Potential short term retracement back to channel support + flip support.
LINKUSDT before a 38% increase. My theory is that exchange rate movement is currently building a symmetric wave motion around 50% of the D1 ATR. I expect a definite rise from this level. Target price 14.5119 usd.
Price recently tested the major uptrend and brokeout above the downtrend resistance. The market is currently printing the ascending triangle pattern. Potential bullish entry above triangle resistance ↗️.
Just an idea. If we see a retracement down the neckline (dotted line) around $11.80 then we could be in for a nice bullish inverse H&S setup.
Most likely see a breakout to the uptrending S/R level at $15 before correcting (see blue line).