Breaking News

LINK/USDT Potential Upward Movement

LINK/USDT Long-Term Trend: Bullish

Key Resistance Levels: 49.88, 51.15, 52.00

Key Support Levels: 46.94, 44.24, 40.80

Daily Chart:

The price on the higher time frame succeeded to break the 44.24 USDT mark which represents the daily resistance and the previous all time high. Now, we are inside a correction count which might lead to a further movement to the upside.

LINK/USDT Medium-Term Trend: Bullish

1-hour Chart:

On the lower time frame the price is trading inside a wedge formation. We will expect a lower correction to a relevant zone around the 46.90 USDT mark, and then a move upward all the way to the target profit.

Signal Idea:

Buy Limit Order @ 47.10

TP 1 @ 49.88

TP 2 @ 51.02

Stop Loss @ 45.70

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.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!