Over the course of almost 2 months, LINK has been trading inside a (bearish) triangle. Classically, this pattern signals a bearish future move, but with LINK being tied to BTC the pattern has a lower explanatory value overall.
Wait for an other green candle to confirm the break out, since it's still possible for LINK (and BTC, for that matter) to reverse and go bearish.
Current target would be $26. Keep an eye on BTC when trading alts.
Happy trading!
Wait for an other green candle to confirm the break out, since it's still possible for LINK (and BTC, for that matter) to reverse and go bearish.
Current target would be $26. Keep an eye on BTC when trading alts.
Happy trading!
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