Hi Community,
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with this, we should see LINK price fall down to the $21-$23 range.
Currently, RSI<50 and price is below all EMAs.
What do you see?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and happy trading!
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Needless to say, this is not financial advice!
LINK's recent drop came after breaking out a 2-week long raising wedge. After recharging at the $20-$21 range, price started to range within another raising wedge. I am new to trading but I read that raising wedges during a downtrend signal likely further drops. The price seems it has already broken out the wedge (confirmed). If I am correct with this, we should see LINK price fall down to the $21-$23 range.
Currently, RSI<50 and price is below all EMAs.
What do you see?
Still learning here, so any constructive feedback and positive vibes are welcome.
Thank you and happy trading!
------------------------------------------------------
Needless to say, this is not financial advice!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.