Lina is within a contracting triangle and looking for further downside now.
Waiting for price to reach one of two areas indicated in the chart before turning bullish. In the mean time, will remain bearish.
Most coins show the same pattern on the graph. Almost all altcoins are near the trend line. A break or retest would be a good buying opportunity.
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Have been following Lina for a while, this coin has not pumped yet since its listing on Binance.
last week it got reject at 0.065, i believe after a break of 0.05 it will retest the next resistance level.
will post a new chart after a breakout of 0.065.
LINA price is currently in the main trading range of $0.03000 - $0.05320
After the correction, we can expect a re-entry upwards and the continuation of the movement to update the price highs.
Buy entry can be observed in two ranges :
1) from the current levels between $0.04400 - $0.05320
2) in case of correction continuation of $0.03000 -...
Looks like LINA could be at bottom. Deep retrace forming a descending wedge onto support as assuming BTC isn't going to 38k, then this should be it..
I don't imagine a huge pump any time soon, but once integration onto Moonbeam happens, that would be a nice catalyst for next wave up.
We can see a CUP and HANDLE pattern form for the LINA/USDT pair.
Entry points around: 0,03$ - 0,04$
Target points around: 0,09$ - 0,12$
I personally believe that LINA is a investment in the long term as well (NFA).
Target on the long term: 0,75$