- long term trend analysis
- upside breakout of immense descending triangle
- break above 200 MA would be even more bullish
- RSI is solid even after recent gains
- doubt this will happen, but: All time High is the target
Watch this one explode:
- Token just launched
- Very low supply because of vested rewards as well as vested investments (yield farming)
- DeFi
- Fundamentally strong
- EMAs becoming more healthy
- HH & HL confirmed
- alt-season near / starting
- two targets based on horizontal support / resistance
- very strong FA as well
- chart speaks for itself
- with alt season in mind, these horizontal support & resistance levels are attractive
- ATH in BTC terms would be absolute dream scenario
- RSI / MA's healthy
- with ETH / LTC popping, LINK (no. 10 marketcap) is lacking behind
- ATH is near, if broken only upside
- good set-up in a healthy bullish market
Major factors for bullscenario:
- formation of an uptrend; needs confirmation with a HH
- halving has been successful; lower inflation rate meaning same demand less supply
- Ma's squeezing in a good way: 200MA going upwards above the 50MA, indicating the formation of our uptrend
- Bitcoin in bull run & new investors looking for alternatives will look at largecaps (= ZEC)
- Breakout from triangle.
- MA's looking good.
- My entry was at $59: very early but turned out to be good.
- Formation of uptrend. HH & HL
- Bitcoin Bull Market: Noobs will buy into LTC either way if BTC keeps going.
