assetsandcoffee

LINA - Daily - "Descending Broadening Wedge"

BINANCE:LINAUSDT   LINA / TetherUS
Click Here🖱️ and scroll down👇 for the technicals, fundamentals and more behind this trade!!!
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///////👍✋Not financial advice, do your own due diligence ✋👍////////
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➡️Technical Standpoint⬅️
1.) Weekly descending broadening wedge pattern in play.
2.) Bears currently have the advantage at these levels. However, a close and hold above 1.382, will give the advantage back to the bulls.
3.) Data is running slim on this ticker. Overall, we'll have to break the resistance line for this ticker to see any further continuation upwards.

➡️Fundamental Standpoint⬅️
1.) LinearDAO in Q2.
2.) Defi summit in June.
3.) Linear vault staking.

➡️Current Season⬅️
- Currently in an unofficial bear season. Currently at 3/14 confirmations, to officially confirm the seasonal trend change.
- Bulls are going strong leverage in this area, while bears remain flat on leverage growth.

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//////Indicator Legacy/Meaning//////
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✨ Linear Regression Line( LR ): is the green/red worm-like line.
✨ TD Sequential (TDS): tradetrekker.wordpre...ss.com/tdsequential/
✨ Social Activity Indicator(SA):
- Based on trader sentiment. The indicator will provide either a Strong Interest, Neutral/Some Interest, or No Interest signal.
- Lime background = spike in interest.
- Yellow background = drop in interest.
- Fuchsia Circles = Clustering of circles on the lower end of the spectrum means consolidation.

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///🎉🎉🎉Before You Go🎉🎉🎉///
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