LINKUSD, It's Spring and the Butterflies are out!

After the breakout of approximately 10% gains, the upward continuation of the previous bullish pennant has morphed into a Butterfly that has landed on our 4Hr chart. Possible trend reversal here with the probability much higher to the downside than a continuation upward, but price could also correct to support / resistance zones and continue upward from there pending on the next few days. BTC halving is also now 30 days away.

Please like and follow, much appreciated!!

Bình luận:

As we see, LINKUSD retraced back to (just slightly above) the S/R zone 1. The last two days have been a slow-steady ascent, currently back to $3.58
Will we break the recent local resistance of 3.656 and head towards $4.50? I'm cautiously favoring the Bulls here (although volume is low at the moment), I entered a small-starter Long position active from $3.496.

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5 Minute chart shows us some well defined trend patterns, good setup for swing trade still..

Bình luận:

1HR chart showing a inverse H/S pattern & possible break out point if can make through the dtop of the downtrend channel.