LINK has tried to form an inverse H&S but it just failed in last candles, So it can be a warn for bulls in LTF. Recently it just broke the lower bearish trendline and take hold above it; And now there is another older bearish trendline, Which is formed on 16th Aug.. So there will be another rejection as a 4th attempt, If LINK manage to bounce again from the support, Then there will be a 5th attempt to break above and it would be a great chance for bulls to push it above trendline and hold above it. Also there is a support zone which can provide some space for buyers to set their half bids on it for another rally ! 🔴 But if the rejection happens, Then it will dive to ~$23 zone. So be aware of any closes below the support zone ( $26.673 - $26.926 ). - It's the 1st FIB's retracement level !
🔰 Any hold above the higher bearish trendline can be an opportunity to set your bids and take advantage while LINK is moving to reach $31.8. Above the target, There will be the stand of stiff resistance zone, There will be two scenarios to watch : - Rejects from the resistance zone and dive back to entry or lower. - Take hold above the resistance and the next target will be $37.
📊 There is low chance possibility for LINK to form an ascending triangle ( Flat top triangle ) with 3 attempts to break the resistance, There won't be any possibility beyond !
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Attention: this isn't financial advice we are just trying to help people on their own vision.