BINANCE:LINKUSDT: Is the correction ahead?
Updated
Hello Friends,
today I come up with an idea on
LINKUSDT.
Share your enthusiasm by giving me LIKES and COMMENTS. Thanks in advance.
Target 1: 0.382 Fib retracement @ 3.28$
Target 2: 0.5 Fib retracement @ 3.08$
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"" 4H CHART ""
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Analysis targets:
See on top!
Key findings:
Next move:
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"" DAY CHART ""
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Analysis targets:
Key findings:
today I come up with an idea on
LINKUSDT.Share your enthusiasm by giving me LIKES and COMMENTS. Thanks in advance.
Target 1: 0.382 Fib retracement @ 3.28$
Target 2: 0.5 Fib retracement @ 3.08$
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"" 4H CHART ""
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Analysis targets:
- Review of previous asset progression
- Derivation of action setup
See on top!
Key findings:
- Major correction in higher timeframes missing
- Rising wedge support level congruent to trend line of Fibonacci retracement
- Rising wedge borders refined, top at 3.9090 confirmed
- Target 2 and support level of previous channel confluence present
Next move:
- Wait for breakout confirmation
- Enter trade
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"" DAY CHART ""
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Analysis targets:
- Trend identification
- Trendedness estimation
Key findings:
- Value above 200 days EMA
- Rising wedge pattern identified
- Price/volume divergence identified
- Trendedness present in previous chart progression
- Bitcoin correlation given
Trade active
15 min candle confirmation broken resistanceTrade active
Retest doneTrade closed manually
due to lack of volume!
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