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LINK/USDT (Futures) Potential Upward Movement

LINK/USDT (Futures) Long-Term Trend: Bullish

Key Resistance Levels: 15.487, 16.383, 16.540.

Key Support Levels: 14.590, 13.690, 13.500.

Daily Time Frame:

The price on the higher time frame succeeded to break the bearish to the upside after posting an engulfing bullish pattern showing that the buyers are in control of the market. Further movement to the upside could be seen especially if the 1-hour bar closed above the resistance.

LINK/USDT (Futures) Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a double bottom formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 14.595               

Target Profit 1 @ 15.487

Target Profit 2 @ 16.383

Stop Loss @ 13.690

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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