LINK/USDT Analysis Bullish Pennant
Updated
Link/USDT is a really high volatile Asset
This here is only a little Analysis.
Link Outperformes BTC everytime when BTC moves 1 % up .
In the H4 its now a bullish Pennant all important Moving Average are under the Price for Support.
BUT
Above is the 3.5$ Level its the last Resistance before the Important Weekly Resistance.
IF
4.7$ will break with a Close , there will be a new ATH.
COULD BE
Bounce at the orange Resistance , there will be a lot of SHORT Sellers, keep safe
If you link my ideas give me a like or join my free Telegram Group where i share my Charts and ideas with you :)
t.me/tradingjournalcrypto
This here is only a little Analysis.
Link Outperformes BTC everytime when BTC moves 1 % up .
In the H4 its now a bullish Pennant all important Moving Average are under the Price for Support.
BUT
Above is the 3.5$ Level its the last Resistance before the Important Weekly Resistance.
IF
4.7$ will break with a Close , there will be a new ATH.
COULD BE
Bounce at the orange Resistance , there will be a lot of SHORT Sellers, keep safe
If you link my ideas give me a like or join my free Telegram Group where i share my Charts and ideas with you :)
t.me/tradingjournalcrypto
Note
THIS IS THE H4
Trade active
BREAKOUT in the H4
Note
Breakout failed.Now forming a bearish RISING WEDGE:
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