Reporting to the team that the break point is also called right at the wave foot, exactly during 2 busy weeks so the post is late, otherwise it would have been posted a few days earlier when I entered the order.
A specific example of a blue-chip stock like $LINK at this moment is touching the old resistance peak ahead, according to technical analysis, there are 2 highest possibilities that could happen:
1. If strong, it breaks (retests) and continues to rise immediately.
2. Encounters resistance and adjusts, at this moment it may form a cup and handle pattern and then increase.
In a bad case, if $BTC drops sharply and the dominance increases, it will also return to the bottom forming a triple bottom pattern, after that it will also increase (this scenario, in my opinion, currently has a very low probability).
Anyway, the price has broken up after about 6-7 months of decline, 4 months of sideways movement with a wide range creating 2 bottoms. The entire market is moving together, other stocks are similar so the team can base on this view to trade in the upcoming period 👍
The post reports the break point is preparing to increase in the channel, if the team wants to check VAR or follow me for the earliest & most complete market updates then follow tradecoinsignalsvn (free)