when link breaks a trendline, it breaks it hard.
however, to expect a breakout after an extended upmove is not probable.
instead, i expect a possible move ~18.5, a slight pullback (most would be to white line at 16.7, then a breakthrough (or a simple retest but this would indicate hesitation and possible weakness in the market which is not typical of LINK recently)
however, to expect a breakout after an extended upmove is not probable.
instead, i expect a possible move ~18.5, a slight pullback (most would be to white line at 16.7, then a breakthrough (or a simple retest but this would indicate hesitation and possible weakness in the market which is not typical of LINK recently)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.