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LINK/USDT Potential Upward Movement

LINK/USDT Long-Term Trend: Bullish

Key Resistance Levels: 19.52, 20.37, 20.50

Key Support Levels: 17.92, 17.09, 16.50

Daily Chart:

The price on the higher time frame the price found support around the 17.09 USDT level which led to a reversal and a move to the upside. The price yesterday posted an engulfing bullish pattern which shows that the bulls are still in control and further upside movement is expected.

LINK/USDT Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the coin is posting higher highs and lows where recently managed to break a previous high and we are expecting a lower correction to it. This could cause to a move higher again in the same direction of the main trend.

Signal Idea:

Buy Limit Order @ 18.80

TP 1 @ 19.50

TP 2 @ 20.37 

Stop Loss @ 18.57

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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