Line has multiple strong indicators that is pointing to upward run:
1. Declining selling pressure 2. 4H making higher low 3. Holding at support line of $0.033
I do not encourage for leveraging at the moment as BTC seems not to decide its move yet. For HODLER, recommendation as below:
Entry: $0.0365 to $0.0375 SL: $0.033 Target: $0.066 (mid to long term)
Please show your support by giving a like and follow. If you have different opinion, appreciate for your constructive view. I may do charting upon request
Trade active
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Perfect entry level, will hold on until target is reached.
@trytofeelpositive, thanks mate, we could agree that imminent upside is expected but what makes you project LINA to hit fib 3?
trytofeelpositive
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@PoppyC, rules of wave analysis, the minimum conditions for a beautiful impulse and the formation of wave 5, it should reach a minimum of 2.61 along the Fibo and can stretch to 3.61
OzNiko
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i would like to see it break that upper trendline
OzNiko
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update?
PoppyC
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@OzNiko not much update, run according to plan and target is still valid