LINKBTC Breakout from falling wedge, ATH flag with high targets
Updated
Good evening. Browsing through the charts to find interesting setups and stumbled upon LINK. It's starting to look like we are about to break out of the falling wedge as we speak, which will act like a bull-flag at ATH.
We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than beautiful and showing some great growth lately;
The price action of this chart is just stunning. Black lines on the chart is different levels which is tested, and will act as support and resistance.
It's hard to set price targets without any previous price history to pull levels from, so fibs is the only way. I would prefer to use a fib ext from the flag, but for it to work perfectly I need a confirmation on the extremes in the fib ext. Once we are above ATH again, I will draw the fibs to get them lined up. Anyways I'm expecting a surge up towards toe 18000sats zone, which is a 60-80% gain.
Make sure to leave a like to get notified on the target fibs once they're coming out! If you would like to see more from me, smack that follow button!
We are still a little low in volume to get a confirmation of the breakout, but I'm keeping an eye out. The long term chart is nothing else than beautiful and showing some great growth lately;
It's hard to set price targets without any previous price history to pull levels from, so fibs is the only way. I would prefer to use a fib ext from the flag, but for it to work perfectly I need a confirmation on the extremes in the fib ext. Once we are above ATH again, I will draw the fibs to get them lined up. Anyways I'm expecting a surge up towards toe 18000sats zone, which is a 60-80% gain.
Make sure to leave a like to get notified on the target fibs once they're coming out! If you would like to see more from me, smack that follow button!
Note
LINK broke out of the wedge and peaked at +27% after the posting of the idea. It's currently flagging (which is good) before making the next big move. Trade with caution.
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