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LINK/USDT (Futures) Potential Upward Movement

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

Key Resistance Levels: 14.797, 14.970, 15.000.

Key Support Levels: 14.574, 13.690, 13.500.

1-Hr Frame:

The price on the higher time frame found support near the strong support level around the 14.30 USDT mark. It posted an engulfing bullish pattern showing that the buyers are in control of the market and might push it further to the upside.

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

10-Mins 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 @ 14.574               

Target Profit 1 @ 14.797

Target Profit 2 @ 14.970

Stop Loss @ 14.352

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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