LINK/USDT - ascending wedge / short term pullback
LINK/USDT has performed nicely over the past weeks and is currently close the the tip of an ascending wedge.
It's likely that it will correct very soon and test if this new channel will hold.
One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation.
Targets are at the bottom of the small channel or if we see a bigger correction at the bottom of the lower channel.
Due to Binance's maintenance it still shows the price within the wedge because it's missing a few hours but on the futures chart it already broke out bearish.
Good luck and let me know what you think!
It's likely that it will correct very soon and test if this new channel will hold.
One smaller move upwards is still possible so either keep it a small position for now or wait for breakout confirmation.
Targets are at the bottom of the small channel or if we see a bigger correction at the bottom of the lower channel.
Due to Binance's maintenance it still shows the price within the wedge because it's missing a few hours but on the futures chart it already broke out bearish.
Good luck and let me know what you think!
Comment:
First target hit:
Trade closed: target reached:
Second target hit, trade closed: