LINK/BTC 2D (Binance) On big uptrend channel support & wedge
Updated
ChainLink is in this parallel channel for almost a year now and I think it will keep growing inside it.
Right now price action is approaching support and giving us a good entry for mid-term growth. Let's hope EMA100 will hold it:
Buy Entry= 0.00033940 - 0.00032500
Take Profit= 0.00038590 | 0.00041990 | 0.00047670
Stop Loss= 0.00027840
Risk/Reward= 1:1 | 1:1.63 | 1:2.69
Expected Profit= 16.16% | 26.40% | 43.50%
Possible Loss= -16.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Right now price action is approaching support and giving us a good entry for mid-term growth. Let's hope EMA100 will hold it:
Buy Entry= 0.00033940 - 0.00032500
Take Profit= 0.00038590 | 0.00041990 | 0.00047670
Stop Loss= 0.00027840
Risk/Reward= 1:1 | 1:1.63 | 1:2.69
Expected Profit= 16.16% | 26.40% | 43.50%
Possible Loss= -16.20%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Trade active
Pulled-back after exiting wedge, nice entry point right now on channel support!Trade closed: target reached
TP1 hit with +16.16% (80.80% 5x). That's a wrap!Trade closed: target reached
TP2, enjoy!Note
This is beautiful, isn't it?! +38.47% from entry, that's 192.35% with 5x in Margin. Don't forget to take some profit!Trade closed: target reached
I almost forget that TP3 was reached. That was my last target with +43.50% (217.50% using 5x) so I really recommend you to take profit and lock that to stablecoin like BUSD!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.