bull trend still validate
price has formed a triangle after it's last rally, now it is in correction mode moving downside.
if the correction continue we can expect the blue area on the chart around my baseline will retest.
this is important level because of 200MA(daily timeframe). below the 6.7level is more bearish.
however if the triangle line breaks upward, price could start new rally.
so either the first scenario or the second one I still believe Link is in bull trend and we can expect more upward pressure.
Enjoy the market
if the correction continue we can expect the blue area on the chart around my baseline will retest.
this is important level because of 200MA(daily timeframe). below the 6.7level is more bearish.
however if the triangle line breaks upward, price could start new rally.
so either the first scenario or the second one I still believe Link is in bull trend and we can expect more upward pressure.
Enjoy the market
Related publications
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.