The NASDAQ 100 is forming a potential Right Shoulder in a Potential Inverted head and Shoulders formation that if it breaks out of could send it on a path to break the ATHs and hit the 1.13 Fibonacci Extension which would be the Target of a Shark BAMM.
Like many other alt coins Linear Token is printing a potential Right Shoulder to a Potential Inverted Head and Shoulders Pattern for us on the Daily and if it plays out the next major resistance will be very far out and should lead to some crazy Bullish action
If we can Begin to bounce from here that will be a confirmed right shoulder that if market conditions become Bullish could take us between the levels of $97 and $100 if it wins we get over 10% if it fails then we simply lose 3 percent which is fine risk to reward.
We are testing the Moving Averages as Resistance at the levels of a Potential Right Shoulder and we can see much lower prices from here if we get follow-through.
