LINA/USDT- forming falling wedge
LINA/USDT #RANK-248 #Timeframe- 1h
Technical analysis
LINA is forming a falling wedge which is bullish pattern, which shows that we can see a upper momentum in LINA soon. We can also see that a bullish divergence is being formed on MACD(marked by the yellow line) this Divergence also indicates an upward momentum.
*NOTE- take entry only after the breakout of FALLING WEDGE with strong volume. strong volume means a strong buying pressure in the market.
Once price breaks the resistance of the falling wedge then only we should enter the trade, then also with stop loss(SL). SL should be used in case this breakout turns to be a fake breakout. So SL should be used to avoid loss.
Short term trade
Entry- $0.1011-$0.1028
SL- $0.90
Sell targets - $0.1139- $0.1251 - $0.1377
( TAKE ENTRY ONLY AFTER THE BREAKOUT )
Fundamentals-
LINA is a defi token whose parent company is linear, it is built on ethereum , integrated with binance smart chain and also has planned integration with polkadot. The projects which are currently being run by LINEAR are -
(i) it has a BUILDR where you can stake LINA tokkens, build LUSD and also win some staking rewards
(ii) LINEAR has an exchange
(iii) it also has swap platform. Where you can swap DEFI tokkens
You can also visit the official website of linear finance for further information.
Q. WHAT DOES BULLISH DIVERGENCE INDICATE ? (EXTRA INFORMATION)
- In simple terms BULLISH DIVERGENCE indicate that BULLS are in a stronger position then BEARS.
When BULLISH DIVERGENCE is formed on the MACD,RSI or any oscillator this indicates that selling pressure is weaking in the market, buying pressure is increasing and we can see a reversal in the trend. OR you can understand like this that BEARS are trying to pull the market downwards but due to more buy pressure or BULLS are not letting it to happen and the market is slightly moving upwards. This pattern indicates a potential reversal in the market. For examples you can refer to internet.
Thank you.
Technical analysis
LINA is forming a falling wedge which is bullish pattern, which shows that we can see a upper momentum in LINA soon. We can also see that a bullish divergence is being formed on MACD(marked by the yellow line) this Divergence also indicates an upward momentum.
*NOTE- take entry only after the breakout of FALLING WEDGE with strong volume. strong volume means a strong buying pressure in the market.
Once price breaks the resistance of the falling wedge then only we should enter the trade, then also with stop loss(SL). SL should be used in case this breakout turns to be a fake breakout. So SL should be used to avoid loss.
Short term trade
Entry- $0.1011-$0.1028
SL- $0.90
Sell targets - $0.1139- $0.1251 - $0.1377
( TAKE ENTRY ONLY AFTER THE BREAKOUT )
Fundamentals-
LINA is a defi token whose parent company is linear, it is built on ethereum , integrated with binance smart chain and also has planned integration with polkadot. The projects which are currently being run by LINEAR are -
(i) it has a BUILDR where you can stake LINA tokkens, build LUSD and also win some staking rewards
(ii) LINEAR has an exchange
(iii) it also has swap platform. Where you can swap DEFI tokkens
You can also visit the official website of linear finance for further information.
Q. WHAT DOES BULLISH DIVERGENCE INDICATE ? (EXTRA INFORMATION)
- In simple terms BULLISH DIVERGENCE indicate that BULLS are in a stronger position then BEARS.
When BULLISH DIVERGENCE is formed on the MACD,RSI or any oscillator this indicates that selling pressure is weaking in the market, buying pressure is increasing and we can see a reversal in the trend. OR you can understand like this that BEARS are trying to pull the market downwards but due to more buy pressure or BULLS are not letting it to happen and the market is slightly moving upwards. This pattern indicates a potential reversal in the market. For examples you can refer to internet.
Thank you.
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