After a nice pump on bullish news for link it is setting itself up for another nice move to the upside if a bullish flag forms and brakes to the upside.
Fundementally the news of cross chain liquidity pools is in the works and has buyers bullish.
There is also a fairly nice fair value gap below that corresponds with the current uptrend and golden pocket retrace area. If BTC fails to hold its current levels many alts will also typically follow suit.
While there could always be a fake out which ever direction the consolidation brakes is typically the direction it continues to go.
Fundementally the news of cross chain liquidity pools is in the works and has buyers bullish.
There is also a fairly nice fair value gap below that corresponds with the current uptrend and golden pocket retrace area. If BTC fails to hold its current levels many alts will also typically follow suit.
While there could always be a fake out which ever direction the consolidation brakes is typically the direction it continues to go.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.