LINK/USD: Key Level to Watch

7 Nis 2022

Hey traders,

Link retraced to an important confluence zone on a daily.
We see a perfect match between a horizontal structure and 0.5 / 0.382 retracements of the last impulses.

To buy with a confirmation watch a falling wedge pattern on 1H time frame.
You need a bullish breakout of its resistance (hourly candle close above) to confirm the breakout.

Goals will be 16.04 / 16.6

If the price breaks a blue zone to the downside, the setup will be invalid.

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8 Nis 2022

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