LINKUSD, Great Breakout Established, Important Considerations!

20 בנוב׳ 2020

Hello Traders Investors And Community,

Welcome to this update-analysis about the LINKUSD 12-hour timeframe perspective, the recent events, the established structure since the last times, what we can expect now, and how to possibly handle the situation. The major inverse head-shoulder-formation I mentioned previously now confirmed properly with a strong bullish breakout to the upside, if you did not see this analysis I highly recommend it to watch to have a full-depth-overview, now there added some extensive signs into the structure that I detected are important to consider with LINKUSDs current structure and upcoming outcomes.

When looking at my chart you can watch there LINKUSD now moved clearly above the neckline with this strong volatile bullish move, it is not seldom seen that after such a bullish breakout a pullback and test of the neckline sets in which should also be expected in this case as it is marked in my chart, when LINKUSD approaches the neckline then it is from high importance that LINKUSD does not fall below this neckline again because such price-action can possibly move LINKUSD to visit lower levels, however, this is not the most likely scenario here as this massive inverse head-and-shoulder-confirmed. When LINKUSD then manages to bounce properly bullishly within the confirmational-head-shoulder-cluster marked in my chart in blue this will be a great origin for the next bullish moves to the upside, when these emerge LINKUSD will continue bullishly till there is resistance found that can reverse the dynamic again, overall the breakout also activated the upside targets rightly seen in my chart within the 17.3 level, when LINKUSD reaches these levels which is likely to be expected it has to be elevated how it moves on from there and if there comes a bullish continuation or firstly reversal to the downside.

In this manner friends, thank you, everybody, for watching, supports for more market insight will be great, have a good day and good weekend as well!
"Miracles tend to happen outside the usual experiences."

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