Technical analysis by TheArtOfCharting about Symbol LINK: Sell recommendation (12/30/2022)

══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝══════════════════════════════ Hello Traders ✌LINK consolidated in the form of a long Rectangle (weekly chart shown) that now seems attempting a breakout. Since we have a strong previous level to deal with at 4.950, breakout area really depends on your trading style. I would probably treat this as a weekly pattern and so I would wait till price break down below 4.950.Pattern Class: 🌕🌕🌕🌕🌑Target area: see chartBreakout area: depends on your trading styleEntry Point and Initial Stop Loss depends on your Trading Plan Tactics and Money Management rules.🔎🔎🔎 ALWAYS REMEMBER"A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist"═════════════════════════════⚠ DISCLAIMER ⚠The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.═════════════════════════════