LINK is fluctuating in this pattern which looks like a triangle but I think it's more of a pennant. I'm bullish on LINK and TA here is just based on four things:
I see two possible upper borders to this pennant so I left both of them.
If you DCA your entry you'll be fine anyway but if instead you want to do only one buy use 23USDT as stop loss, it's more than -10% from current price but this because market is in turmoil right now and dips can go lower. I'd personally DCA my entry if I had fiat left. However last time I've checked (last night) BTC looked like it had bottomed and there were many people calling the bottom as well.
Good luck
- clearly a bullish pattern;
- people calling it on
- LINK trending 4th on LUNARcrush
- the fact that it has bottomed, even if it isn't shown here price went a little below 0.786 and started going up again
I see two possible upper borders to this pennant so I left both of them.
If you DCA your entry you'll be fine anyway but if instead you want to do only one buy use 23USDT as stop loss, it's more than -10% from current price but this because market is in turmoil right now and dips can go lower. I'd personally DCA my entry if I had fiat left. However last time I've checked (last night) BTC looked like it had bottomed and there were many people calling the bottom as well.
Good luck