LINKUSDT - Potential Push to 28USD
LINKUSDT looking promising in the 2 day timeframe.
If the current 2d candle closes with the green line crossing the red RSI line while the Green line is going up, we may potentially see a push up to the 28USD region.
White energy is also higher than the green line in 90min, 3h, 6h, 12h and 1d Timeframe currently.
Near Term Analysis
However, in the 5d Timeframe, energy is looking like it could reach the 50 level around 10 Feb. If the 5D candle on 10 Feb closes with:
- White Energy crossing below 50 level; and
- the Green line crosses the red RSI line with the Green line going down,
We could potentially see a pullback down to 21.8USD region (assuming that the Bollinger Bands expand at their current rate) somewhere between 10 to 15 Feb 2021.
Credit:
My TA is based on WyckoffMode 's indicators and his method of analysis.
If the current 2d candle closes with the green line crossing the red RSI line while the Green line is going up, we may potentially see a push up to the 28USD region.
White energy is also higher than the green line in 90min, 3h, 6h, 12h and 1d Timeframe currently.
Near Term Analysis
However, in the 5d Timeframe, energy is looking like it could reach the 50 level around 10 Feb. If the 5D candle on 10 Feb closes with:
- White Energy crossing below 50 level; and
- the Green line crosses the red RSI line with the Green line going down,
We could potentially see a pullback down to 21.8USD region (assuming that the Bollinger Bands expand at their current rate) somewhere between 10 to 15 Feb 2021.
Credit:
My TA is based on WyckoffMode 's indicators and his method of analysis.
Note
Based on the 4D and 6D timeframe, I am still of the opinion that upward pressure can continue till mid February, somewhere between 10 to 18 Feb 2021 before we start to see a pullback.
Could see a push up above 30 USD or possibly just up to 28USD if we are unable to break that resistance.
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.
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.