LINKUSD, Breakout Above Channel, These Are Upcoming Conclusions!

Hi my friends,

Welcome to this update-analysis about LINKUSD, we are looking at the 4-hour timeframe perspective, the recent events, the current formational structure, and what we can expect in the upcoming times. As mentioned in the previous analysis LINKUSD was about to complete its major wave-count within the descending-channel-formation which it finally did and after that showed up with a grat breakout above the upper boundary of the channel as expected, if you did not see this analysis already I highly recommend it to watch to have a full-depth-overview. Now as LINKUSD has shown up with this fundamentally important price-action I detected other interesting signs which are worthwhile to look at in terms of further perspectives and determinations, therefore I discovered all the important levels and likely outcomes we should consider here.

As when looking at my chart we can watch there LINKUSD is now about to form this decisive bull-flag above the upper-boundary of its ascending-channel-formation, this bull-flag is marked in blue within my chart. Besides that LINKUSD develops the coherent wave-count within the flag with the waves A and B already completed and the wave C to complete over the near future. When LINKUSD manages to finalize this wave-count and after that move above the upper-boundary of the bull-flag this will activate upside targets and LINKUSD will move on further from there, such price-action will give the potential for LINKUSD to test the remaining upper resistance-zones marked in my chart in red which will also complete the ABC-wave-count to the upside, this is why it will be crucial when LINKUSD visits these areas as a pullback can be expected however as LINKUSD managed to form these important price-actions with the breakout as expect this is a first step into acquiring more bullish potentials in the future depending on how it manages possible stabilization within the range.

In this manner, thank you for watching the analysis, have a great day and weekend, all the best!
"Good luck is when opportunity meets preparation."

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