LINA - Bottomed

2021年9月26日

Looks like LINA could be at bottom. Deep retrace forming a descending wedge onto support as assuming BTC isn't going to 38k, then this should be it..

I don't imagine a huge pump any time soon, but once integration onto Moonbeam happens, that would be a nice catalyst for next wave up.

2021年10月5日

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So got a small wick lower, but for the most part, has played out as expected. Entering a resistance zone here, so need to flip this or it's not looking good.

If BTC is bullish, I'd expect LINA should be ok vs dollar. The bigger question is whether is holds up vs BTC or losses.

2021年10月5日

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BTC chart for reference:

2021年10月16日

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Price managed to flip that previous level I marked as a key resistance. Currently holding it as support although I wouldn't be surprised if we get another dip down to $.45-.46 area before continuation. BTC pair has held up very well during this recent BTC pump compared to most other alts, which is quite bullish for when alts have their time to shine again.