Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK is rejected a strong support and round number 5.0 in green, so we will be looking for buy setups.
on DAILY: LINK formed a valid wedge pattern in brown but it is not ready to go yet.
Trigger: for the bulls to take over, we need a momentum candle close above the last major high in gray (11.0)
Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green.
In this case, we will be looking for new buy setups to form around 5.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINK is rejected a strong support and round number 5.0 in green, so we will be looking for buy setups.
on DAILY: LINK formed a valid wedge pattern in brown but it is not ready to go yet.
Trigger: for the bulls to take over, we need a momentum candle close above the last major high in gray (11.0)
Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green.
In this case, we will be looking for new buy setups to form around 5.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal