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LINA / TetherUS PERPETUAL CONTRACT

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LINAUSDT.P trade ideas

LINA/USDT- forming falling wedgeLINA/USDT #RANK-248 #Timeframe- 1h Technical analysis LINA is forming a falling wedge which is bullish pattern, which shows that we can see a upper momentum in LINA soon. We can also see that a bullish divergence is being formed on MACD(marked by the yellow line) this Divergence also indicates an upward momentum. *NOTE- take entry only after the breakout of FALLING WEDGE with strong volume. strong volume means a strong buying pressure in the market. Once price breaks the resistance of the falling wedge then only we should enter the trade, then also with stop loss(SL). SL should be used in case this breakout turns to be a fake breakout. So SL should be used to avoid loss. Short term trade Entry- $0.1011-$0.1028 SL- $0.90 Sell targets - $0.1139- $0.1251 - $0.1377 ( TAKE ENTRY ONLY AFTER THE BREAKOUT ) Fundamentals- LINA is a defi token whose parent company is linear, it is built on ethereum , integrated with binance smart chain and also has planned integration with polkadot. The projects which are currently being run by LINEAR are - (i) it has a BUILDR where you can stake LINA tokkens, build LUSD and also win some staking rewards (ii) LINEAR has an exchange (iii) it also has swap platform. Where you can swap DEFI tokkens You can also visit the official website of linear finance for further information. Q. WHAT DOES BULLISH DIVERGENCE INDICATE ? (EXTRA INFORMATION) - In simple terms BULLISH DIVERGENCE indicate that BULLS are in a stronger position then BEARS. When BULLISH DIVERGENCE is formed on the MACD,RSI or any oscillator this indicates that selling pressure is weaking in the market, buying pressure is increasing and we can see a reversal in the trend. OR you can understand like this that BEARS are trying to pull the market downwards but due to more buy pressure or BULLS are not letting it to happen and the market is slightly moving upwards. This pattern indicates a potential reversal in the market. For examples you can refer to internet. Thank you.
Short
by CryptoAnsh
7
LINA/USDT - forming an ascending triangleLINA/USDT #rank-229 Fundamentals - LINA is defi token whose parent company is linear, it is built on ethereum, integrated with binance smart chain and also has planned integration with polkadot. The projects which are currently being run by LINEAR are - (i) it has a BUILDR where you can stake LINA tokkens, build LUSD and also win some staking rewards (ii) LINEAR has an exchange (iii) it also has swap platform. Where you can swap DEFI tokkens You can also visit the official website of linear finance for further information. Technical analysis - As you can clearly see in the graph that LINA is forming an ascending triangle , and as we all know that ascending triangle is a bullish pattern, so we can expect some bullishness in the market. But as for now LINA is going for retesting its support level which is at $0.1005 and then it will bounce back and get in the triangle range and then we can see a bullish breakout. I would strongly suggest to set SL in case price breaks the support and head for low. SHORT TERM TRADE Entry Targets - $0.1061- $0.1080 Stop Loss - $0.095 Sell targets - $0.138 - $0.156 - $0.179 You all can follow me for Leads in the cryptocurrency, with entry, SL and sell targets. you all can also follow me on the twitter . Thank you
Short
by CryptoAnsh
2
LINAUSDT - BREAKOUTLINA has broke out of this massive falling wedge on the daily timeframe with a impulse to the upside and is now currently retesting previous resistance as new support which is aligning perfectly with the 0.50 fibonacci taken on the impulse leg, we can also see this nice inverted head and shoulders on the daily timeframe. I am expecting the continuation to the upside to follow, we will be waiting on the 4hr timeframe for entry rules to be met before we can possibly take this long.
Long
by ITSCRYPTO1
1