LINKUSDAs you can see in the chart, LINK is making a Symmetrical Triangle Pattern, as seen in the chart.
freeonlinetradingeducation.com/symmetrical-triangle-breakout.html
Triangles are generally continuation patterns, so it is likely to break to the upside. To do so, well need to close above $16.20 USD on a daily candle. If we do, the minimum target would be $29.40 USD, which is calculated by adding the length of the triangle to the breakout point. But that is the minimum target, it could also go a lot higher.
I hope you find this interesting and good luck to you.
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We closed at $17.26 USD today, pattern confirmed, we’re going to moon.
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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.