VincePrince

LINKUSD, Managed The Boundary-Breakout, Upcoming Determinations!

COINBASE:LINKUSD   LINK/USD
Hello Traders Investors And Community,

Welcome to this analysis about LINKUSD , we are looking at the 4-hour timeframe perspective, the recent events, the current formational structure, what we can expect the next times and how to possibly handle the situation appropriately. LINKUSD was trading within this massive ascending-channel-formation where it also formed the important triangle-formation, now LINKUSD finally managed the breakout above the boundary as expected when the triangle completes, the structure has now greatly altered and therefore I detected all the important levels and likely outcomes we should consider at the moment and ongoing destinies.

As when looking at my chart we can watch there LINKUSD now clearly fully emerged with the breakout above the boundary and close above it with this volatile green candle to the upside and besides that LINKUSD already pulled back once to the upper-boundary which it is currently testing, when this boundary holds properly and LINKUSD forms the further movements as it is marked in my chart to gain strength above the boundary this is actually lying ground for the final bullish wave to emerge to the upside which will complete the major-e-and-c-wave-extensions as it is marked in my chart. The targets for these mechanisms are marked in my chart within the 17.5 level in blue, when LINKUSD reaches these levels it has to be elevated how it moves on further from there and if there can come a bullish continuation right away or firstly visiting lower levels in the structure before backing up, taking all these upcoming events into the schedule it is from high importance that LINKUSD stays rightly above the upper-boundary and do not fall below it again because this can possibly invalidate the further movements in the structure.

The fact that LINKUSD has emerged with this strong breakout above the boundary gave it a good bullish pace and besides that LINKUSD has also completed the inverse head-and-shoulder-formation on the higher timeframes I mentioned previously, this structure gives some good potentials further and makes LINKUSD one of the more likely cryptocurrencies with a bullish outcome, in the more middle-to-long-term-perspective LINKUSD has important resistance layers lying above which LINKUSD will test when it moves into resistance, this will also be important tests ahead.

In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well!
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.
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