$LINK/BTC 2D (Binance Spot) Big falling wedge breakout
Updated
ChainLink finally broke bullish in satoshi, a last pull-back then it should be ready.
Current Price= 0.00059686
Buy Entry= 0.00059697 - 0.00054309
Take Profit= 0.00079390 | 0.00122947 | 0.00169079
Stop Loss= 0.00043820
Risk/Reward= 1:1.7 | 1:5 | 1:8.5
Expected Profit= +39.27% | +115.69% | +196.61%
Possible Loss= -23.13%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 4 months
Current Price= 0.00059686
Buy Entry= 0.00059697 - 0.00054309
Take Profit= 0.00079390 | 0.00122947 | 0.00169079
Stop Loss= 0.00043820
Risk/Reward= 1:1.7 | 1:5 | 1:8.5
Expected Profit= +39.27% | +115.69% | +196.61%
Possible Loss= -23.13%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 4 months
Trade active
Both entries filledChainLink retested the broken wedge and 50MA, seems to be holding support!
Trade closed: target reached
TP1 reached with +39.27% (1x) and +1.7RWay to go ChainLink, perfectly bounced after a last retest, High Time Frame ruling it!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.