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Chainink

ChainLink - Perfect Bounce!In our previous analysis we mentioned that we were looking for a reversal at the $14 level where we had the completion of the ABC correction. Price came down to test that level perfectly and bounced! Sometimes when there's a trend reversal, there's a particular price action that takes place such as double bottoms, reversal wedges etc. We may see a double bottom from ChainLink before moving higher - so if you haven't got in already, this may be your chance! Trade Idea: - Watch for price to come back to the $14 level - Enter once double bottom appears - Stops below the bounce - Target the recent highs as first target and HODL the rest as we may see the next big bull run See our post on reversal patterns below: Goodluck!
by Altsignals
LINK.USDT (Y21.P1.E4).Wychoff re-accumulation structureHi there traders, I'm seeing many different variations to this structure lately and I feel I'm becoming familiar with these as time passes on. Another strategy in my repertoire, and I'm working on it to have a list of items that gives ticks to the strategy. Eg, 13/50 ema cross over before a break of a trend line. Note how the RSI supports this upwards move on the 1 hr with a hidden bullish divergence. Here is ADA prior to its breakout and its similarities, ADA being more bullish. I wont go into the details, just highlighting it fits one of the Wychoff reaccumulation strategies. All the best, S.SAri. Looking at the daily, LINK left, ADA right
Long
by ssari