Over the last two years or so, LINK has been trading in a strong wedge formation.
As you can see on the chart, the wedge held perfectly during yesterday's BTC dump. For me, this signals that bullish pressure is still there and that we might see a strong reversal coming fairly soon.
Be aware that this pattern in based on a long-term analysis, so it might take a while for the pattern to complete.
Happy trading!
As you can see on the chart, the wedge held perfectly during yesterday's BTC dump. For me, this signals that bullish pressure is still there and that we might see a strong reversal coming fairly soon.
Be aware that this pattern in based on a long-term analysis, so it might take a while for the pattern to complete.
Happy trading!
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