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🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D
- It has been moving in a downward channel on the daily time frame.
- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.
- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.
- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.
💎In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
⚠️Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone.⚠️
💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
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Alikze.
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LINKUSDT
- It has been moving in a downward channel on the daily time frame.
- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.
- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.
- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.
💎In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
⚠️Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone.⚠️
💎 Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
LINKUSDT Trade active
Trade closed: target reached
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