Alikze »» Link | Scenario wave 1 of 3 rising - 1D
2024-11-11

🔍 Technical analysis: Scenario wave 1 of 3 rising - 1D

- It has been moving in a downward channel on the daily time frame.

- Currently, with the failure of the descending channel, in the case of a pullback to the ceiling of the channel or the range of 12.50, it can have the target of 16 to 17 dollars in the first step.

- This ascending wave is the previous wave. But in a longer-term perspective, wave 2 correction in the green box range has ended.

- Therefore, this recent motivational wave, micro-waves, wave 1 out of 3 is rising.

💎 In addition, this increasing wave can continue to climb up to Fibo 1.272 and 1.618 if the supply zone is broken.
 
⚠️ Note: If the candlestick closes below the 12.50 zone, the bullish scenario is invalidated and can retest the green box zone. ⚠️

💎  Currently, according to the momentum, the first scenario or the bullish scenario is more likely.
 

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  BINANCE:LINKUSDT  
