On a weekly TF $LINA is forming a double bottom pattern which looks ready for the next leg up. On a daily TF we have a strong resistance on $0.03181. We also have a trendline acting as a resistance which has been hodling strong since November 7th 2021. So we seriously need to break through this trendline to confirm my bullish sentiment. One interesting fact to note is that according to previous data whenever the resistance at $0.03181 is broken an uptrend is always established. This makes me more bullish on $LINA.
On the 4 hours TF we have the formation of an ascending triangle which has a strong resistance at $0.026 and a trendline acting as a support. Two scenerios are likely to play out : We either breakout of resistance which confirm my bullish sentiment OR we break support and go down further
I would be picking my entry on the 1 hour TF. I have 2 DEMAND ZONES on the 1 hour TF which is yet to be filled so i would wait to see how price react before i make my entry. Although i feel that the demand zone close to the resistance which be my possible entry since it is formed at a critical price level which is the resistance at $0.026. Note that the resistance at $0.026 has been tested severally which can only indicate that the BUYERS are ready to get the party started. LMAO.
This is my personal opinion and it is in no way a financial advise #NFA #DYOR
On the 4 hours TF we have the formation of an ascending triangle which has a strong resistance at $0.026 and a trendline acting as a support. Two scenerios are likely to play out : We either breakout of resistance which confirm my bullish sentiment OR we break support and go down further
I would be picking my entry on the 1 hour TF. I have 2 DEMAND ZONES on the 1 hour TF which is yet to be filled so i would wait to see how price react before i make my entry. Although i feel that the demand zone close to the resistance which be my possible entry since it is formed at a critical price level which is the resistance at $0.026. Note that the resistance at $0.026 has been tested severally which can only indicate that the BUYERS are ready to get the party started. LMAO.
This is my personal opinion and it is in no way a financial advise #NFA #DYOR