LINKUSDT 200 DMA| Descending Channel| Swing High| Price Action

3 Jan 2021

Evening Traders,

Today’s analysis – LINKUSDT- trading above the respected 2000 DMA where a breakout is probable,

Points to consider,
- Price action channel
- 200 DMA S/R
- Swing High Objective
- Oscillators Neutral

LINKUSDT’s immediate price action is in a descending channel, a pattern that is bullish upon a confirmation.

The 200 DMA is current support, holding this is critical for a bullish case

Swing high is the immediate objective, exceeding this level will increase the probability of continuation.

Both oscillators are trading in their neutral regions, holding above there range mid is crucial for a bullish bias.

Overall, in my opinion, LINKUSDT is a valid long with defined risk; price action is to be used upon discretion/ management.

Hope this analysis helps,

Thank you for following my work

And remember,

“A quiet mind is able to hear intuition over fear.”

― Yvan Byeajee