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BINANCE:LINKUSDT: Is the correction ahead?
ChainLink / TetherUS
Short
BINANCE:LINKUSDT: Is the correction ahead?
By alekz89
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Updated
Apr 26, 2020
6
Apr 26, 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$
--------------------------------------------------------------------------------------------------------------------
"" 4H CHART ""
--------------------------------------------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------------------------------------------
"" DAY CHART ""
--------------------------------------------------------------------------------------------------------------------
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
Apr 26, 2020
Trade active
15 min candle confirmation broken resistance
Apr 26, 2020
Trade active
Retest done
Apr 26, 2020
Trade closed manually
due to lack of volume!
Chart Patterns
Chart patterns
Cryptocurrency
Fibonacci Retracement
LINKUSDT
Rising Wedge
Trend Analysis
alekz89
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