LINK/USDT (Futures) Long-Term Trend: Bullish
Key Resistance Levels: 18.650, 19.280, 20.000.
Key Support Levels: 17.740, 17.154, 16.825
1-Hr Time Frame:
The price on the higher time frame succeeded to break the bearish trendline to the upside after finding buyers below the support level around the 17.750 USDT mark. A series of higher higs and lows has been posting showing that we are in a clear uptrend.
LINK/USDT (Futures) Medium-Term Trend: Bullish
15-Mins Time Frame:
On the lower time frame, the price posted a double bottom formation which led to a reversal and a move higher. The market is posting higher highs and lows signaling that we are in a new uptrend. A lower correction could be seen before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 17.674
TP 1 @ 18.162
TP 2 @ 18.649
Stop Loss @ 17.186
Trade Safely 🙂