A quick look at #ChainLink (LINKUSDT , 4HR, Binance):
LINK is consolidating after a dip that brought its price from $53 to $15 in two weeks, in what looks like a diamond bottom.
If the price confirms a breakout, we can see higher prices.
Strategy:
Hit the TP1 target, or
Exit after 50 candles, or Stop loss
If you want to read more about ChainLink on CoinMarketCap, click here.
What do you think?
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------------------------------------------------------ Some of my charts represent actual trades, and some are just paper trading. Needless to say, this is not financial advice!
Trade active
It looks like price has picked up well. It has retested the trendline and it bounced off the EMA on the 1hr TF. The multi-timeframe RSI also looks on the rise:
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