🔥 LINK Recapturing Long-Time Bull-Trend: What Needs To Happen

LINK has been in a strong uptrend for years. However, since the last bearish move it has broken through the bullish uptrend and is trading in bear-territory.

For LINK to regain the weekly uptrend, we need to overcome two major hurdles.

1) The first resistance that LINK encounters is the upper resistance of the falling wedge. In case of a bullish break out, a bull-flag has been formed.
2) The second major resistance is the bullish dynamic trend line which LINK has been following for a couple of years.

Before both resistances have been recaptured I would not necessarily be looking for long-term investments.

Happy trading!