LINKUSD, It's Spring and the Butterflies are out!
Updated
After the breakout of approximately 10% gains, the upward continuation of the previous bullish pennant has morphed into a Butterfly that has landed on our 4Hr chart. Possible trend reversal here with the probability much higher to the downside than a continuation upward, but price could also correct to support / resistance zones and continue upward from there pending on the next few days. BTC halving is also now 30 days away.
Please like and follow, much appreciated!!
Please like and follow, much appreciated!!
Note
As we see, LINKUSD retraced back to (just slightly above) the S/R zone 1. The last two days have been a slow-steady ascent, currently back to $3.58 Will we break the recent local resistance of 3.656 and head towards $4.50? I'm cautiously favoring the Bulls here (although volume is low at the moment), I entered a small-starter Long position active from $3.496.
Trade active
5 Minute chart shows us some well defined trend patterns, good setup for swing trade still.. Note
1HR chart showing a inverse H/S pattern & possible break out point if can make through the dtop of the downtrend channel.
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