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crossedfingers1
Sep 26, 2021 12:34 PM

LINA - Bottomed Long

Linear Finance / Tether USDHTX

Description

Looks like LINA could be at bottom. Deep retrace forming a descending wedge onto support as assuming BTC isn't going to 38k, then this should be it..

I don't imagine a huge pump any time soon, but once integration onto Moonbeam happens, that would be a nice catalyst for next wave up.

Comment

So got a small wick lower, but for the most part, has played out as expected. Entering a resistance zone here, so need to flip this or it's not looking good.

If BTC is bullish, I'd expect LINA should be ok vs dollar. The bigger question is whether is holds up vs BTC or losses.

Comment

BTC chart for reference:

Comment

Price managed to flip that previous level I marked as a key resistance. Currently holding it as support although I wouldn't be surprised if we get another dip down to $.45-.46 area before continuation. BTC pair has held up very well during this recent BTC pump compared to most other alts, which is quite bullish for when alts have their time to shine again.

Comments
sopieshaufi
when this stupid coin gonna pump
crossedfingers1
@sopieshaufi, good question. platform is good. i use it to trade, but the inflation is hefty.
sopieshaufi
what do u think the price pump eoy?
and when moonbeam gonna release..silentlyyy no official date
crossedfingers1
@sopieshaufi, no idea on moonbeam but moonbeam itself is still a few months away. i don't like to make price predictions, clouds the process.
FXKillA
Hello mr Simpson, nice chart dough💥🤩👍🏼
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