$LINA Linear Finance - Token unlock coming
So Linear is a project I've been in for quite some time. Massive run up from the bottom and now currently retraced. Maybe we have found bottom, but I am still a bit bearish as the count suggests a possible fifth wave coming. Also, there is a token unlock coming for those who staked their LINA in the early days.
Not sure how many tokens total are going to hit the market, but it could be enough to drive price down to that 0.618 fib.
Also, note the charts for Huobi and Uniswap are quite different. I'm using Huobi chart as it's where the volume has been until the Binance listing. I did set the low for the fib retracement at the low level available on the Uniswap chart though as that is the complete history.
Not sure how many tokens total are going to hit the market, but it could be enough to drive price down to that 0.618 fib.
Also, note the charts for Huobi and Uniswap are quite different. I'm using Huobi chart as it's where the volume has been until the Binance listing. I did set the low for the fib retracement at the low level available on the Uniswap chart though as that is the complete history.
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Bullish count as well:
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So far LINA has performed as expected. Would like to see the 0.028$ support hold on this correction.
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Hoping for something like this: