LINKUSD, Targets Reached Properly, Next Outcomes To Consider!

14 Okt 2020

Hi my friends,

Welcome to this update-analysis where we are looking at LINKUSD 1-hour timeframe perspective, the happened events, the current formational structure, what we can expect the next times and how possibly handle the situation, since I mentioned the important confirmation of the bull-flag LINKUSD was forming it now has reached all the projected targets within the schedule, the minimum-target as well as the middle-term-target, now as these measurements have taken place and the bullish pace has not yet gone since LINKUSD also confirmed the bullishness with the descending-triangle-formation there are some more signs I detected within the chart important to look at within the situation LINKUSD currently shows up with.

Structural Developments:
When looking at my chart you can watch this head and shoulder formation LINKUSD is developing here since the upside targets where reached, this formation looks similar to the one bitcoin is also currently forming, however not every cryptocurrency is forming such a formation nevertheless it is a really good sign that LINKUSD is forming this formation above the remaining support which it also has within the 150-EMA marked in green in my chart, besides that LINKUSD did not enter heavy bearish pressure till now and the fact that it is holding above the target-zone which where reached makes it certainly more bullish, taking all these factors into consideration now LINKUSD has a more bullish interface and the head and shoulder formation a more likely possibility of 65% to the upside.

Likely Outcomes:
Now the next times it will be a crucial development for LINKUSD as it will show the head and shoulder formation confirming sooner or later, this can happen into two directions of which one the bullish is more possible as already mentioned, this bullish direction will confirm when LINKUSD manages to move above the descending-trend-line you can watch marked in my chart in grey, when LINKUSD manages to move above this trendline and pullback to confirm it this will activate the upside targets as it is marked in my chart, the reverse bearish perspective will show up when LINKUSD moves below the neckline with a decisive bearish move and stays there to continue further to the downside, this, however, is currently not the more likely scenario nevertheless it should not be kept by side to be prepared also when this happens to show up.

In this manner, thank you for watching, good day my friends, and support for more market insight.
"Good luck is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the marke