LINK/USDT Next wave up?
12H/4H charts
Link formed a symmetrical triangle on the 12H, broke out to the upside and rested the structure for a continuation. Reacted nicely into the 0.5-0.618 fib measure on the first breakout wave and tapping the daily demand zone and 12H demand from the initial move that created a Change of Character (CHoCH) in the market, meaning a change of trend forming new higher highs and higher lows.
Momentum on MACD looks good with for a continuation and could expect to see price head towards the last high and into the 1.272 fib.
Link formed a symmetrical triangle on the 12H, broke out to the upside and rested the structure for a continuation. Reacted nicely into the 0.5-0.618 fib measure on the first breakout wave and tapping the daily demand zone and 12H demand from the initial move that created a Change of Character (CHoCH) in the market, meaning a change of trend forming new higher highs and higher lows.
Momentum on MACD looks good with for a continuation and could expect to see price head towards the last high and into the 1.272 fib.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.