LINKUSD in descending tringle ready to fall again ?
Updated
we are in and important zone right now market is providing bearish candles and now we can see we are in tringle and ready to fall again if the trendline(purple one) doesn't break here is paths and what will happen :
Red path :if the structure continues and no breakout in trend happen then this path will continues and we would expect huge fall too and targets would be :
a.23$
b.18$
Green path : if there would be no rejection near this area and market once again shows bullish candle and break the trendline then just after confirmation we can enter as buyer for targets :
1.28.5$
2.31.5$
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Red path :if the structure continues and no breakout in trend happen then this path will continues and we would expect huge fall too and targets would be :
a.23$
b.18$
Green path : if there would be no rejection near this area and market once again shows bullish candle and break the trendline then just after confirmation we can enter as buyer for targets :
1.28.5$
2.31.5$
<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>
Trade closed: target reached
as expected breakout and retest then 1. and 2. target reached
My telegram channel:
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
t.me/mmbtchannel
VIP Channels:
Forex:+400Pips & Crypto +420% monthly profit at VIP.
check pinned message in telegram for more information.
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.