LINHUSDT
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LINK/USDT – Accumulation phase right at the Ichimoku cloud: Ready for the breakout?
Time frame: 1D (Day)
LINK is moving sideways right at the edge of the Ichimoku cloud, indicating a tight accumulation state and the market is preparing for a significant movement in the near future. Below are the main technical factors:
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1. Ichimoku Cloud:
• The current price is within the Kumo cloud – signaling an unclear market trend, waiting for a breakout signal.
• The forward cloud (Senkou Span A and B) is relatively thin, indicating weak resistance, which can be easily breached if there is enough momentum.
LINK is moving sideways right at the edge of the Ichimoku cloud, indicating a tight accumulation state and the market is preparing for a significant movement in the near future. Below are the main technical factors:
⸻
1. Ichimoku Cloud:
• The current price is within the Kumo cloud – signaling an unclear market trend, waiting for a breakout signal.
• The forward cloud (Senkou Span A and B) is relatively thin, indicating weak resistance, which can be easily breached if there is enough momentum.
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