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ForecastCity_ME
Sep 11, 2020 4:09 PM

Two buy opportunities on this chart for LINKBTC Long

BINANCE:LINKBTC1D
ChainLink / BitcoinBinance

Description

⋅
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00110).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.00139
TP2= @ 0.00153
TP3= @ 0.00169
TP4= @ 0.01153
TP5= @ 0.01360

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (0.00114).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. LINKBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 52.

Take Profits:
TP1= @ 0.00129
TP2= @ 0.00139
TP3= @ 0.00153
TP4= @ 0.00169
TP5= @ 0.00192

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsLINKchainlinkBTCBitcoin (Cryptocurrency)LINKBTCchainlinkbitcoinbitcoinforecastbitcointradingbitcoinanalysis
Comments
Sir_Ray
⋅
Good call - thank you.
ForecastCity_ME
⋅
@Sir_Ray, You're very welcome!
ForecastCity_ME
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@Sir_Ray, Thanks for your comment.
ForecastCity_ME
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@Sir_Ray, We wish you good luck with your trades.
Kamryn
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Do you think we should buy?
ForecastCity_ME
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@Kamryn, Yes, dear friend!
ForecastCity_ME
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@Kamryn, Reading charts can be useful for you
ForecastCity_ME
⋅
@Kamryn,Is there anything else I can assist you with?
Kamryn
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@ForecastCity_ME, No, thank's chart was really helpful.
ForecastCity_ME
⋅
@Kamryn, You're very welcome!
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