🔗 $LINK is finally breaking the pattern that kept it under pressure.
The weekly chart shows a clear move above the descending trendline, while the long-term support zone has held. The chart also measures roughly +33% from the recent move, making the breakout more significant.
Compared with the previous #LINK study, the structure has improved considerably: the falling trendline has been reclaimed and momentum is expanding. RSI and MACD can confirm the move, while ADX remains important for trend strength. 👀
The next resistance reaction will determine whether this becomes a genuine structural shift or another failed breakout.
⚠️ Not financial advice.
#crypto #Bitcoin #Ethereum #defi
The weekly chart shows a clear move above the descending trendline, while the long-term support zone has held. The chart also measures roughly +33% from the recent move, making the breakout more significant.
Compared with the previous #LINK study, the structure has improved considerably: the falling trendline has been reclaimed and momentum is expanding. RSI and MACD can confirm the move, while ADX remains important for trend strength. 👀
The next resistance reaction will determine whether this becomes a genuine structural shift or another failed breakout.
⚠️ Not financial advice.
#crypto #Bitcoin #Ethereum #defi