Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (29.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
In above chart in daily time frame, we can see that it has a symmetrical triangle pattern, and right now consolidating, and its in a verge of breakout .
we can see a good move in the coin.
LINKUSDT major support, resistance and trend line
Currently the link has broken out and the price may test 200 MA.
Long after bounce and short if it retracts below 200 MA to the next available support.
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (23.00).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
After moving in a parallel channel for the last few days, LINK is now waiting for a breakout. Enter after breakout for confirmation.
Educational purpose only - trade at your own risk.
Good luck.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (44.440).
. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. LINKUSDT is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
Things to Note:
1. Bullish Market Structure- Printing HH and HL
2. Price forming an Ascending triangle pattern
3. Volume is low atm but it should expand at the BO
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (28.18).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LINKUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
LINK has given a breakout from symmetrical triangle pattern in 1H timeframe for a target of 28.25 in the short term. Let's see how the view holds.
Disclaimer: - These views are for educational purpose only and not a recommendation.
