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LINK/USDT (Futures) Potential Upward Movement

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 🙂

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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