BINANCE:LINKUSDT: Is the correction ahead?

26 เม.ย. 2020

Hello Friends,

today I come up with an idea on LINKUSDT.
Share your enthusiasm by giving me LIKES and COMMENTS. Thanks in advance.

Target 1: 0.382 Fib retracement @ 3.28$
Target 2: 0.5 Fib retracement @ 3.08$



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"" 4H CHART ""
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Analysis targets:

• Review of previous asset progression
  
• Derivation of action setup
  

See on top!

Key findings:

• Major correction in higher timeframes missing
  
• Rising wedge support level congruent to trend line of Fibonacci retracement
  
• Rising wedge borders refined, top at 3.9090 confirmed
  
• Target 2 and support level of previous channel confluence present
  

Next move:

• Wait for breakout confirmation
  
• Enter trade
  

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"" DAY CHART ""
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Analysis targets:

• Trend identification
  
• Trendedness estimation
  

Key findings:

• Value above 200 days EMA
  
• Rising wedge pattern identified
  
• Price/volume divergence identified
  
• Trendedness present in previous chart progression
  
• Bitcoin correlation given
  

26 เม.ย. 2020

การซื้อขายยังคงดำเนินอยู่

15 min candle confirmation broken resistance

26 เม.ย. 2020

การซื้อขายยังคงดำเนินอยู่

Retest done

26 เม.ย. 2020

ปิดการเทรด ด้วยตนเอง

due to lack of volume!