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UnknownUnicorn4847554
Apr 12, 2020 9:10 AM

LINK/USDT Analysis Bullish Pennant 

ChainLink / TetherUSBinance

Description

Link/USDT is a really high volatile Asset


This here is only a little Analysis.


Link Outperformes BTC everytime when BTC moves 1 % up .

In the H4 its now a bullish Pennant all important Moving Average are under the Price for Support.

BUT

Above is the 3.5$ Level its the last Resistance before the Important Weekly Resistance.

IF
4.7$ will break with a Close , there will be a new ATH.

COULD BE
Bounce at the orange Resistance , there will be a lot of SHORT Sellers, keep safe


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Comment




THIS IS THE H4

Trade active




BREAKOUT in the H4

Comment

Breakout failed.

Now forming a bearish RISING WEDGE:

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