[LINKUSDT] [March 12 2020] Market analysis Hi guys, this is my Market Analysis about LINKUSDT market, I do the trade using binance.
Linkusdtrading
LINK Bullflag!A Bullflag has formed on the LINKUSD pair, along with multiple other chart patterns that I have attempted to identify, included a fib extension and likewise a breakdown target for PT and SL for anyone entering this trade. Flag looks nice. Currently sitting above the 50MA.
Squeeze a bit more out of LINK/USD ? Hi,
I'm an Elliott Wave trader, Most people use this method very sloppy because it takes a lot of time to do properly. I'm a full time trader in the crypto markets so take advantage of leveraging my time and counts as I spend several hours on them before posting them so that I can feel confident about all potential scenarios being walked through. Even if my main count falls incorrectly, I will provide the alternative outcome with the validation and invalidation points so that you can be prepared as well and react accordingly and not emotionally.
You can find me on all social and popular video platforms as well under Crypto Hippo.
This is my current count on LINK.
Expanded flat for minor degree 4th wave. Moving up for a 5th. Following BTC's count as well, so expecting a larger correction to present itself but will mostly be sideways consolidation and not be deep or aggressive.
Position should be completely closed by $3.80, profit taking at $3.55 ish. Will update if anything changes in the current wave structure. Thanks for watching and hope you decide to like and follow for more Elliott Wave Analysis. :)
Cheers!
LINK Action plan on pivot point.LINKUSD is on a pull back following the uptrend early in January.
Levels to watch:
- 3.2200 is the resistance and 1.6000 the support.
- With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance).
- The MACD is turning bearish, indication that the top is in or is close.
Projection:
- If the January 24 low holds then we expect LINK to rise towards the Resistance. On a different occasion the bearish MACD will push it sooner towards the support.
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