- Zooming into 4H, we see a false breakout above the 100 EMA on SEP-25.
- LINK has been testing this level in a descending channel since then.
- At time of writing, a third wave has just started, again being rejected by the 100 EMA.
- Accumulation/Distribution momentum is bullish.
Will purchase if we get a candle close outside of the downward channel on 1D time-frame **and** close above 100 EMA on 4H time-frame