Hi everyone ππ½
π Wish y'all have a profitable lifestyle π
π LINKUSD- weekly Time Frame - Candlesticks
π W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
π LINKUSDT is showing us some bullish signs after a very long boring correction moves
π We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
π Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
β οΈ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
ππΌ A very safe entry will be breaking the triangle:
β οΈ I do believe that we may see another retest of the current support zone after the retest of the triangle
ππΌ Meaning that 27$-28$ price zones can be a big resistance level
π We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
π If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
π Wish y'all have a profitable lifestyle π
π LINKUSD- weekly Time Frame - Candlesticks
π W Pattern - Elliott Wave - Support Resistance zone - Double Bottom
π LINKUSDT is showing us some bullish signs after a very long boring correction moves
π We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on :
1- The double bottom pattern that chart has created
2- The possible W Pattern in weekly time frame
3- Fibonacci retracement 0.23%
π Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)
β οΈ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones
ππΌ A very safe entry will be breaking the triangle:
β οΈ I do believe that we may see another retest of the current support zone after the retest of the triangle
ππΌ Meaning that 27$-28$ price zones can be a big resistance level
π We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern.
π If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen.
THIS IS NOT A FINANCIAL ADVICE
PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION
GOOD LUCK
NP TRADER
Dagangan aktif:
I am still looking at this chart and hope it does not correct more than 50% of its previous candle
If it does I will wait for more confirmations!
If it does I will wait for more confirmations!
Pesanan dibatalkan:
BTC chart not looking so good so does the LINK chart
We have seen a slight bullish momentum till 28.6 from very top
It also have engulfed a lot of the previous candles before
We have seen a slight bullish momentum till 28.6 from very top
It also have engulfed a lot of the previous candles before