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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.

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