Hi traders,
Link is a dark horse of the crypto market this year, when the market is going down trend, Link suddenly increased rapidly and in terms of the growth rate LINK is number one. We see the opportunity Long-term investment for LINK:
Context Market: After recovering from the 1.5-3.0 zone. Link sideways in the zone of 2.2-3.0. We see Link moving in corrective Triangle wave, this is appropriate after a sharp increase. On the other hand, psychology has not escaped the bear market of investors. So it is, Link correction to adjust in a wide range.
Pattern: The ascending triangle pattern is being completed and the price is likely to break this pattern.
Signal: Price created higher Higher Low and the trend of breaking the resistance zone 0.3-0.31. The price is above Kumo cloud, cumulative cloud is thick and Bullish signal, is on the other hand MP shows that psychology of investors expects to increase and focus quite much in the area of 2.6-2.8.
Strategy: Wait for the price to break out of the rising triangle to confirm the trend of Link, we will look for buying opportunities at the zone of 0.275-0.3 when the price returns. Be calm, a good trade when we choose the right time to enter the order.
Goodluck and happy trading!