LINK/BTC breaking out of ascending triangle

2020年2月12日

Welcome fellow Tradingviewers,

Link has been one of the best coins for the last year or so, introducing partnership after partnership.
Since the last big rally LINK has been trading in a range, this could come to an end real soon;)

Monthly:
- The last monthly was neutral, this monthly candle could become a huge bullish engulfing closing above all of the resistances.

Weekly:
- The last weekly candle closed in a huge bullish engulfing candle closing (very close) against the resistance, indicating more upside momentum.
- We are currently breaking out of the big ascending triangle which can be found on the weekly timeframe, indicating more upside.
- We are above all Ma's, indicating more upside.
- The MACD has crossed bullish, indicating more upside.
- RSI is nearing the oversold territory, indicating downside momentum.

Daily:
- Last candle was a big bullish engulfing, indicating more upside momentum.
- We have found support on the MA before the start of this last rally, indicating confidence in the market.
- Above all Ma's indicating more upside.
- MACD crossed bullish, indicating more upside momentum.
- RSI is in oversold territory, indicating downside momentum.

In summary:
LINK seems to be one of the most promising projects of 2020. We foresee a clear future for LINK.
The breakout of this ascending Triangle should bring us to around 60K sats before strarting to look up any further.

This analyses is only intended to share my idea, to educate and entertain you guys.
This should not be considered as financial advice.
I hope you guys enjoyed this analyses, if you did don't forget to leave a Like!
If you want to share your thoughts, please do so in the comments below!

Kind Regards,
FORALLCRYPTO