MyCryptoParadise_Nathan

Link: Waiting for Bullish Confirmation at Key Levels. ๐Ÿš€

BINANCE:LINKUSDT   ChainLink / TetherUS
๐Ÿ’Ž LINK is currently approaching its supportive trendline, We can also viewed it as an ascending channel because of above resistive trendline.

๐Ÿ’ŽThere's a likelihood of a bounce from this supportive trendline, but I anticipate a potential breakdown of the trendline to capture liquidity down to the bullish order block (OB). Even in this scenario, I'll be waiting for bullish confirmation at both levels.

๐Ÿ’ŽIf the price falls and breaks below the bullish OB, it would be considered a Change of Character (CHoCH) and a bearish sign. However, I'm not inclined to give much weight to the bearish trend unless Bitcoin starts exhibiting a bearish structure.

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