🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen
ChainLink / TetherUS BINANCE:LINKUSDT
LINK has been in a strong uptrend for years. However, since the last bearish move it has broken through the bullish uptrend and is trading in bear-territory.
For LINK to regain the weekly uptrend, we need to overcome two major hurdles.
1) The first resistance that LINK encounters is the upper resistance of the falling wedge . In case of a bullish break out, a bull-flag has been formed.
2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.
Before both resistances have been recaptured I would not necessarily be looking for long-term investments.
Happy trading!
