🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen

🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen

🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen by FieryTrading on TradingView.com

LINK has been in a strong uptrend for years. However, since the last bearish move it has broken through the bullish uptrend and is trading in bear-territory.

For LINK to regain the weekly uptrend, we need to overcome two major hurdles.

1) The first resistance that LINK encounters is the upper resistance of the falling wedge . In case of a bullish break out, a bull-flag has been formed.
2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.

Before both resistances have been recaptured I would not necessarily be looking for long-term investments.

Happy trading!

🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen

Fierytrading Analysis

Experienced crypto, stock and FX trader with a focus on technical and on-chain analysis. One of the top analysts on Tradingview with daily crypto signals and market overviews.

Visit my website www.fierytrading.com for private crypto signals and fully automated copy-trading.