Hi Everyone! Please check this analysis. LINA has broke out 0.5 and 0.6 fibonacci lines multiple times. However it price is based on BTC price as well. Now based on channel formation, the the expected price increase is atleast 10%. Secondly, when it breaks shows the 10% increase in price then the next fibonacci levels won't act as strong resistance.
-Bounce off prior high support and .236 fib,
-Fractal from similar few months ago saw .618-.786 retracement after bouncing of .386 fib
-Bounces getting stronger past few days.
-Good r/r setup
Evening Traders,
Today’s analysis – LINAUSDT – trading above its Daily S/R, where a respect will be highly bullish,
Points to consider,
Price Action Impulsive
- Daily S/R Support
- (200 MA Confluence)
- Oscillators Extended
- Swing High Objective
LINAUSDT’s immediate price action is impulsive, at a true trade location...
LINA has been a little bit disappointing since it listed on Binance, however this one speaks for itself.
Trade the retest after the breakout of the diagonal resistance seen here.
Goodluck :)
LINAUSDT - update
Only my idea.
The price dropped 50%. It's very close to breaking. LINA has formed a bullish pattern. The question is where the price will go.
Target 1 - 0,17
Target 2 - 0,25
Target 3 - 0,37 or 0,53
