TradingView
Wolfy_
Feb 19, 2020 7:59 PM

LINK/USDT - ascending wedge / short term pullback Short

ChainLink / TetherUSBinance

Description

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!

Comment

First target hit:

Trade closed: target reached

Second target hit, trade closed:
Comments
Binhaarp
3.5$ then 2 $
JGriff55
you think we will see below 4$
Wolfy_
@JGriff55, I don't like to make predictions without a proper setup but if BTC continues to drop it's pretty likely. Hard to tell right now so unfortunately I can't give you the answer you're looking for.
More