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Wolfy_
Nov 28, 2019 12:18 PM

LINKUSDT - symmetrical triangle breakout - needs to break 2.28 

ChainLink / TetherUSBinance

Description

Symmetrical triangle close to the long term uptrend just broke out bullish and managed to push above the 15m 200 and 314 MA, wait for a clear move with volume above the key level for it to be a buy signal as there is a lot of resistance around 2.28 USDT.
Stay out for now as long as it doesn't manage to establish 2.28 as a new support.

Comment

Successfully broke through 2.28 and is currently pushing against the hourly 200 MA (2.336).
There's a heavy resistance coming up on the BTC pair so if you're not in yet wait to see how the market reacts, hourly StochRSI is also really high and cycling down - see LINKBTC 4hr:
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