RLinda ! LINAUSDT-> Bull signal. Should we wait for growth?

25 Oca 2023

LINAUSDT forms a bullish signal, opening the potential for buying. The price breaks through the resistance zone and forms a consolidation, what to do next?

The coin has been in a downtrend for a long time, the price has been forming volatility reduction in the consolidation phase for the last few weeks, which tells about the accumulation of energy for a strong move.
A few days ago a break of the resistance of the downward wedge formed and the price is consolidating above the level. I think a strong reaction could follow bitcoin if it gives a positive bounce.
The coin opens the potential for growth to the levels of 0.0115 and 0.0163.

I expect consolidation above the resistance line or above the level of 0.0073 followed by the formation of a bullish momentum. The short-term target is 0.01000, the medium-term target is 0.01158 and 0.01633.

Regards R.Linda!