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LINKUSDT.3S trade ideas

Trade Opportunity on LINK/USDT Pair using Stochastic RSI + TDIAnother trade opportunity based on same comprehensive technical tools. The stochastic RSI, scrutinized across lengths 11, 51, and 101, along with the Traders Dynamic Index (TDI), signals a compelling entry point my analysis strongly supports a short-term gain, with a conservative profit target set at 2.45. Let's seize this opportunity with calculated precision to avoid risking the loss , I will try to add a break even point later during the play! happy trading! with MEXC:LINKUSDT.P
by ama-Beeps
2
Counter-trend TRXUSDTDISCLAIMER: Trading Forex/Cryptocurrency involves risk and you may lose more money than you started with! These posts are not to be taken as financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you!
Short
by Simple_Renko
LINK/USDT 1D BEARISH DUMP INCOMINGThe LINK crypto chart is displaying bearish qualities and is expected to plummet further. It has demonstrated a poor weekly outlook in the chart as the price is trapped in a range-bound situation and is facing rejection from a supply region. As of now, the LINK price is in the lower band of the parallel channel and gearing up for a steep fall. Furthermore, the LINK crypto experienced a 0.42% fall in the last 24 hours, and was trading at $14.88 at press time. The LINK crypto has shown a sign of a steep fall as the price faced strong resistance, preventing it from surpassing the $17 level on the chart. Therefore, if the price doesn’t sustain the immediate level, then the fall is imminent and it could slip to $11. However, if the demand for the LINK rises, the asset price could bounce back from the current level inside the lower band as well. Then the next goal for the LINK price could be to reach $20.
Short
by HyBlockCap
2
Mock Up Price Action for LINK | Near-Mid Term (12HRMock Up Price Action for BINANCE:LINKUSDT | Near-Mid Term (12HR) - Watching and waiting for opportunities to enter short Personal Approach & Base Chart Setup - Stacked Parallel Channels for Grid of Confluence Points - High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles - Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements - Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade - I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions/news Additional Remarks LINK is one of my favorite top pick long term investment holdings. That being said, the market is due a correction pullback moment and LINK is no exception. Thinking the pullback will be around 8 to 9 dollars to retest previous resistance and establish support. This will be the last opportunity to buy in at discount prices before the bull cycle.
Short
by Trevictus
Mock Up Price Action for LINK I'll Be Tracking | Long Term Mock Up Price Action for LINK I'll Be Tracking | Near Term ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: A Strong Case for XRP REFERENCE : ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RIPPLE/XRP: Blockchain and Crypto in Payments Whitepaper A special report from the US Faster Payments Council and Ripple on the transformative opportunities of crypto-enabled payments—and what leading providers expect next. Cryptocurrencies and, more generally, the mindset of innovation that led to their creation and growth in the marketplace are exciting for the future of payments. Cryptocurrencies present a potentially compelling blend of flexibility and utility. They appear well-positioned to solve some seemingly intractable issues in payments by filling various gaps in payments flows efficiently and effectively. This report provides an overview of the use of cryptocurrencies in payments today, insights from participants in the faster payments ecosystem, and what the future holds for blockchain and crypto in payments. Table of Contents: - Brief Overview of Crypto Use in Payments Today - Page 5 - Blockchain and Crypto will Enhance Payments Speed and Boost Customer Value - Page 7 - Crypto’s Most Attractive Feature: Cost Reduction - Page 8 - Enterprises Gear Up to Support Crypto Payments - Page 11 - Crypto’s Environmental Footprint Gives Providers Pause - Page 13 - Conclusion: Bringing Blockchain to Payments - Page 15 REFERENCE: ripple.com/reports/B...ypto_in_Payments. pdf ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: Top ISO 20022 Compliant Cryptos • New rules and regulations are coming into play for international and cross-border payments and ISO-compliant cryptocurrencies will be the legal and compliant cryptocurrencies most likely adopted when these regulations are implemented. • Many investors are bullish on ISO 20022 compliant cryptocurrencies as they will be integrated into the global central banking system and could potentially offer a massive price appreciation as these systems come online. • The ISO 20022 compliant cryptocurrencies will form the backbone of the New Financial System, replacing the legacy 50-year-old SWIFT payment system. This will be a new international blockchain-based financial payment system for global central banking and support international and cross-border payments around the world. • ISO 20022 Cryptocurrencies ○ Ripple (XRP) ○ Stellar ( XLM ) ○ Hedera (HBAR) ○ Algorand (ALGO) ○ Quant ( QNT ) ○ IOTA (MIOTA) ○ XDC Network ( XDC ) • ISO 20022 will undergo several changes in 2023. The ISO 20022 Crypto List Committee will expand the list of compliant coins and tokens and revise the criteria for inclusion on the list. In addition, the organization will make changes to improve security measures and reduce fraudulent activities. • New features such as cross-chain interoperability and atomic swaps will likely feature in the new additions, allowing users to effortlessly convert one cryptocurrency into another. • Swift, the world’s leading payment system, announced its decision to delay the implementation of the ISO 20022 standard until March 2023. This international transaction standard has become increasingly popular as it enables data-rich payments compared to traditional formats. As a result, financial institutions worldwide are now considering their options and timelines for completing the upgrade. • REFERENCE: ○ altcoininvestor.com/...top-iso20022-crypto/(XRP),IOTA%20(MIOTA) ○ cdn.getmidnight.com/...ancial-System-1.jpeg ○ www.cryptopolitan.co...mpliant-crypto-list/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ RIPPLE/XRP: Ripple Powering the Next Evolution of Central Bank Digital Currencies • Digital transformation and disruption, particularly in the financial sector, has accelerated at a speed not seen before over the last decade. We have seen new players emerge to disrupt parts of the stack, like PayPal and Stripe, as well as whole new technology platforms emerge, such as blockchain and distributed ledger technologies. • One area where the pace of change has been most pronounced has been the tokenization of everything — from art with NFTs to property ownership and, perhaps most crucially, with the advent of digital forms of currency, tokens or digital assets, can be considered the avatars of the Internet of Value. When value is represented in a token, translating to the depiction of value on a blockchain, the value can inherit new capabilities. The most important of these are transparency, privacy, and agility. • Whether we realize it or not, we all know and have used a country’s fiat currency. Fiat money is a government issued currency that is not backed by a physical commodity, such as gold , but rather by the government that issued it. As fiat currencies look to evolve and keep up, central banks are looking toward tokenization. Consensus estimates are that 80% of central banks around the world are exploring the use of what is known as a Central Bank Digital Currency (CBDC). • A CBDC is a token issued on a blockchain that represents a country’s national fiat currency. • The market, opportunities, and challenges outlined above are what led us to evaluate the decentralized public blockchain XRP Ledger utilized for Ripple’s CBDC solution, which we believe is well-suited to support CBDCs on a nation state level. The public XRP Ledger platform has supported over 70 million closed ledgers since 2012 across financial institutions around the world. Ripple’s CBDC solution leverages a private version of the XRP Ledger (a public ledger). There is a fundamental reason for that success: trust. Financial institutions trust Ripple for the very same reasons it is well-suited to support CBDCs — it delivers on inclusion, security, interoperability, and sustainability. • REFERENCE: ripple.com/reports/R...Digital-Currency. pdf ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: SWIFT Partners With Crypto Data Provider Chainlink on Cross-Chain Protocol in TradFi Play • SWIFT, the interbank messaging system that allows for cross-border payments, is working with Chainlink, a provider of price feeds and other data to blockchains, on a cross-chain interoperability protocol (CCIP) in an initial proof-of-concept. • CCIP will enable SWIFT messages to instruct on-chain token transfers, helping the interbank network to be able to communicate across all blockchain environments. • REFERENCE: www.coindesk.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: Banks’ SWIFT Messaging System to Experiment With Tokenized Assets in Early 2022 • SWIFT is planning a series of experiments in the first quarter around improving the exchange of information between the participants and systems that interact during the lifecycle of tokenized assets, according to a Tuesday announcement. • The experiments will use central bank digital currencies (CBDCs) as well as established forms of payment. • The organization, which links more than 11,000 institutions, aims to support the issuance, delivery-versus-payment and redemption processes, demonstrating how it could support “a frictionless and seamless tokenized digital asset market.” • Following the example of the crypto world, banks and securities firms are offering services whereby fractions of assets are sold as digital tokens to allow for greater liquidity and accessibility. • SWIFT is a global messaging network connecting banks and other financial institutions for cross-border payments. There have been suggestions its usefulness could decline because of the growth in use of digital currency – be it crypto, stablecoins or CBDCs. • REFERENCE: www.coindesk.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: Ground-breaking Swift innovation paves way for global use of CBDCs and tokenized assets • Interlinking CBDCs for seamless cross-border payments • Globally, nine out of 10 central banks are actively exploring digital currencies — often using different technologies and with a primary focus on domestic use. For the potential of CBDCs to be fully realised across borders, these digital currencies need to overcome inherent differences to interact with each other, as well as with traditional fiat currencies. • Swift, in collaboration with Capgemini, achieved CBDC-to-CBDC transactions between different DLT networks based on popular Quorum and Corda technologies, as well as fiat-to-CBDC flows between these networks and a real-time gross settlement system. The success showed that the blockchain networks could be interlinked for cross-border payments through a single gateway, and that Swift’s new transaction management capabilities could orchestrate all inter-network communication. • 14 central and commercial banks, including Banque de France, the Deutsche Bundesbank, HSBC , Intesa Sanpaolo, NatWest, SMBC, Standard Chartered, UBS and Wells Fargo, are now collaborating in a testing environment to accelerate the path to full scale deployment. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: Swift Go sign-ups triple as cooperative makes significant progress on G20 goals to enhance cross-border experience • More than 500 banks in 120 countries have signed up to enable fast, transparent low value payments using Swift Go • Strong adoption increases momentum towards G20 goals of better speed, cost, transparency, choice and access in cross-border transactions • Represents one of many Swift innovations in 2022 as cooperative records 13th consecutive year of traffic growth • To this end, in October, Swift announced ground-breaking innovation after successfully demonstrating how Central Bank Digital Currencies (CBDCs), and tokenized assets, could be exchanged across DLT and fiat-based systems. Swift’s innovation proved that ‘digital islands’ across the world can be connected, realizing the technology’s full potential to enable instant and frictionless payments and securities transactions. The CBDC solution is now being tested with 18 central and international commercial banks. • Furthermore, 2022 is set to be the 13th consecutive year of annual traffic growth on the Swift network, with an average of 44.8 million messages sent across Swift’s system each day by the end of October 2022, an increase of 7.7% on October 2021. The growth underscores the industry’s trust in Swift, which continues to deliver on its day-to-day mandate, with relentless focus on operational excellence. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: Exploring tokenized assets: Collaborative innovation in action • Working with Clearstream, Northern Trust, SETL and others, Swift plans experiments in Q1 2022 to explore how it can support interoperability in the development of the tokenized asset market. • Relative to cryptocurrencies and stablecoins, the current market capitalization of tokenized assets is small but momentum for these digital assets is expected to accelerate rapidly in the coming years. By some estimates, volumes could reach some 24 trillion USD by 2027. • Tokenization can be applied to stocks and bonds, but also to illiquid assets, including commodities , property or even art. For example, a share or bond with a high value per unit (say over $500) can be divided into digital pieces that each have ownership and value. This increases the liquidity of the overall asset, and accessibility, by enabling a wider demographic of people to invest in assets that may historically have been unavailable to them. • Banks and securities firms are responding to tokenization by developing services − including fractionalization, a process whereby assets are broken into smaller value digital tokens − amongst other digital asset servicing capabilities, such as private key safekeeping. Financial market infrastructures also are embracing tokenization by supporting the full lifecycle of digital securities. • As interest increases, Swift is exploring how it can enable and improve interoperability between participants and systems during the transactional lifecycle of tokenized assets. To this end, Swift plans a series of experiments in Q1 2022 leveraging its trusted role as a central platform to explore the issuance, delivery versus payment (DVP), and redemption processes, to support a frictionless and seamless tokenized asset market. These experiments will use both established forms of payment and central bank digital currencies (CBDCs). • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SWIFT/LINK: Tokenized assets interoperability: 5 key takeaways from our ground-breaking experiments • Here are five key takeaways from our experiments to help you quickly get up to speed on the future of tokenization in financial services. ○ The industry is fast gearing up for a tokenized future ○ The barriers to growth shouldn’t be underestimated ○ Our extensive tokenization experiments have proved successful ○ Swift could act as a ‘single access point’ to various tokenization networks ○ Feedback is essential to define the next steps • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: Swift accepts community request to start ISO 20022 migration in March 2023 • Following ECB’s decision, SWIFT has confirmed the postponement of the start of the CBPR+ co-existence period, to align with ECB’s recently announced new migration date of Target2 platform of 20 March 2023. • In a statement, to be found on Swift announcement released Thursday 27 October, Swift clarified: "An overwhelming majority of our global community has requested that Swift align the start of the global ISO 20022 migration for CBPR+ with the ECB’s updated timetable to ease implementation. • In response, we have taken a decision to accommodate this request, and Swift will begin the ISO2022/MT coexistence period for all users on 20 March 2023 (the end date for the coexistence period will not change running until November 2025)." • At the same time, Swift has reiterated that the revised start date of 20 March 2023 will be definitive. • Swift has worked extensively with its global community to prepare for the start of the ISO 20022 migration for cross-border payments and reporting (CBPR+) and since August, all required capabilities have been deployed and institutions have been able to exchange ISO 20022 messages on an opt-in basis. • On 20 October 2022, the ECB shared its decision delaying the ISO 20022 migration of the Eurosystem by four months. In light of this announcement and in line with our earlier scenario planning, Swift committed to further analyze and validate impacts on the timeline for CBPR+ with a view to maintaining operational and business continuity across the global financial system. • An overwhelming majority of our global community has requested that Swift align the start of the global ISO 20022 migration for CBPR+ with the ECB’s updated timetable to ease implementation. In response, we have taken a decision to accommodate this request, and Swift will begin the ISO 20022/MT coexistence period for all users on 20 March 2023. • At the same time, it is clear from our community feedback that there is strong momentum across the industry to implement and gain value from ISO 20022 rich data, so the revised start date of 20 March 2023 will be definitive. Financial institutions are therefore encouraged to continue preparation for the 20 March start date and consider all potential scenarios in their planning to ensure readiness for the start of ISO 20022 coexistence for CBPR+ from that date. • REFERENCE: ○ www.swift.com ○ www.ingwb.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: What is ISO 20022? • Starting in March 2023, the way the Swift community exchanges payments messages will be transformed with ISO 20022. This will unlock huge opportunities for financial institutions, such as boosting operational efficiency, enhancing customer experience, and enabling innovative new services. • A global and open standard, ISO 20022 creates a common language for payments worldwide. And its higher quality data means better payments for all. Whether you’re adopting ISO 20022 as from the start of the migration period or not, learn more about the mandatory actions you need to perform before March 2023. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: Why adopting ISO 20022 is good for you and your clients • Cross-border payments are entering an exciting new era with the global introduction of the data-rich ISO 20022 standard. To find out what outcomes banks and customers can look forward to, Swift's Stephen Lindsay spoke to Isabel Schmidt, Co-Head of Payment Products, from BNY Mellon at Sibos. • The payments industry continues its rapid evolution. The adoption of the ISO 20022 data standard is helping speed up the move towards greater integration and digitization of the entire payments space. It’s also supporting the drive for enhanced interoperability, and creating more visible, useable data and analytics. All of this is helping banks better understand their customers, how best to serve them, and ultimately creating better outcomes for the industry as a whole. • The starter’s pistol is ready and we’ll soon be out of the blocks for the global migration of cross-border payments to the ISO 20022 standard, beginning in March 2023. We have several exciting years ahead, as we move towards the final destination of having all domestic and cross-border payments using rich and structured data. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: ISO 20022 adoption programme • High quality payments data is becoming a reality. March 2023 marks the start of migration to ISO 20022 ( MX ) for cross-border payments and reporting (CBPR+), with a coexistence period with MT messages until November 2025. • Whether you’re adopting the standard from the start of the migration period or not, as a Swift customer, the mandatory action you need to perform before March 2023 is to upgrade your messaging interface (to ensure your messages are processed). Testing the receipt of multi-format MX messages ( ISO 20022 + MT) generated by the In-flow Translation service on FINplus is also highly recommended. • To ensure you understand how all ISO 20022 changes will impact you and to help you get ready, we’re engaging with our community to outline all you need to know for March 2023. We are here to support your adoption journey as we move towards ISO 20022 go-live and coexistence. • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|SWIFT/LINK|CBDC: ISO 20022 Timeline • Our approach to ISO 20022 adoption: In line with the adoption timeline agreed with our community, we’ll enable ISO 20022 messages for cross-border payments and cash reporting businesses, starting from August 2022, on opt-in basis, and March 2023 for general availability. There’ll be a three-year period of coexistence for MT and MX , allowing early adopters to benefit from ISO 20022’s richer, structured data, and other banks to adopt at their own pace. We’ll also facilitate the interoperability of MX to MT with our central In-flow Translation service. • Go-live on ISO 20022 for CBPR+ and the start of coexistence from March 2023: During the coexistence period, from March 2023, some financial institutions will begin sending ISO 20022 messages to gain the full benefits of richer, structured data. Other banks will migrate at their own pace, relying on central In-flow translation, or local translation services, until their back office is natively ready to process ISO messages. From March 2023, any bank can start sending MX messages, independently of their correspondent’s preferred channel (MT or MX ). • REFERENCE: www.swift.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|CBDC: How ISO 20022 Will Take Ripple to the Next Level | A win for ISO 20022 will be a huge win for Ripple • Ripple (XRP-USD) is banking on the ISO 20022 banking standard, which is set to launch for all compliant entities to use in November 2022 Rescheduled to March 2023. • If adoption picks up, the standard could become the global banking language connecting all of the world’s banks and financial service companies. • Ripple is betting on the standard’s success by becoming a member of the ISO 20022 committee, building its crypto’s fundamental value by proxy. • Dozens of companies and banks now hold membership in the technical committee tasked with expanding ISO 20022’s reach. Interestingly enough, RippleNet also appears as one of the only crypto-centric companies to hold membership. Of course, the pair are a match made in heaven; the cross-border payments crypto and ISO 20022 both seek the same ends of making cross-border payments cheap, easy and automatic. As one of the largest crypto projects with this explicit goal, it’s a no-brainer for Ripple to get on board with the growing influence of traditional banking on digital assets. • REFERENCE: investorplace.com/20...e-to-the-next-level/ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ISO 20022|RIPPLE/XRP|CBDC: ISO 20022 Registration Management Group member list • The RMG has 37 delegations from the following Member Entities • RMG Member List Below • REFERENCE: www.iso20022. org /reg...nt-group-member-list Member entity Company ACTUS ACTUS Financial Research Foundation ACTUS Tahoe Blue Ltd ACTUS Ariadne Australia NPP Australia Limited Austria Bank Austria UniCredit Bank of England Brazil IPMF Global Brazil BM&FBovespa Canada Payments Canada Commodity Futures Trading Commission China People's Bank of China China China International Payment Service Corp Clearstream Clearstream Denmark The Danish Bankers Association Denmark Mastercard Depository Trust & Clearing Corporation European Central Bank European Payments Council Euroclear Finland OP Bank Group Central Cooperative FIX Protocol Ltd Brook Path Partners France Societe Generale France BNP Paribas Germany EURO Kartensysteme GmbH Germany BaFin India RBI ISDA/FpML ISDA ISITC State Street ISITC Fiserv ISO 20022 RA SWIFT Italy CBI Consortium Japan Bank of Japan Japan JP Morgan Chase Korea Bank of Korea Korea KATS Mastercard NACHA, IFX Forum The Netherlands Dutch Payments Association nexo standards Norway Bits AS Norway DnB NOR Bank OMG RippleNet Singapore Zensung PTE Ltd Singapore TechCreate Solution Private Limited South Africa ABSA Bank Sweden Swedish Bankers Sweden Swedish Standards Institute (SIS) SWIFT Switzerland Swiss Association for SWIFT and Financial Standards (SASFS) United Kingdom The Investment Association United Kingdom Pay.UK United States JP Morgan Chase United States Bloomberg Mojaloop Foundation VISA International ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Long
by Trevictus
it's time to going up for LINKUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!! (in every target you want, closed the position but our target is the third one) *Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management* ************************************************* if you want to enter in this position: Enter Price: here Target1: 14.460 Target2: 15.198 Target3(Final Target): 15.956 Stoploss: 13.550 ************************************************* Guy's if this idea was useful and it was intresting for you please follow for more please do comment and like my idea If you like my idea show me in comment section doing and living in the best quality thanks of all of you dear's ;)
Long
by MakingMoney444
LINK/USDT 4H ChartI invite you to review the LINK chart taking into account the four-hour interval. Here we will start by defining, using the blue lines, the upward trend channel from which the price broke out at the bottom, but we can see a quick return and a fight to return to the channel. At this point, it is also worth marking the local downward trend line in yellow, which the price has broken with an upward movement. Looking at the current situation, we will spread the Fib Retracement grid, thanks to which we can confirm the place of return to the channel, as the first significant resistance at the level of $14.28, then we have a visible second resistance at the level of $15.57, and then located at the upper border of the upward trend channel , a strong resistance zone from $16.50 to $17.67. Please look at the EMA Cross 10 and 30 indicator as we can see the red ema cross 10 line attempting to cross the green ema cross 30, potentially indicating a return to the local uptrend. However, it is worth being careful whether this is just a false breakout and the price will start to reverse. In such a situation, we will unfold the fib retracement sheet again to determine the supports. And here you can see support at the level of $13.79, and then it is worth marking the support zone from $12.74 to $12.19, if this zone is broken, we can see the price return to around $10.59. Now it is worth switching to the RSI indicator, which shows an upward trend line that gives rise on the chart, with room for new movements, but after switching to the STOCh indicator, we see that a downward trend has begun, which may, however, result in a price correction.
by cryptodailyuk
SOL/USDT 4H Chart ReviewI invite you to review the SOL chart in the USDT pair. We will start by defining the yellow line as an upward trend line from which the price has broken out at the bottom, creating an ongoing downward trend channel in which we are approaching the upper border. Going further, we can move on to marking support areas when we start a larger correction. And here the first support is at the price of $89.78, but further we can define a very strong support zone from $80 to $67. Looking the other way, once again after unfolding the fib retracement saitka, we see that the price has reached the resistance level at $100.73, only when it overcomes it and exits the upper channel, will it move towards the resistance zone from $118 to $126, which is held price before moving towards $151. Please look at the RSI indicator, which has returned to the middle of the range, making it difficult to indicate the direction, while the STOCH indicator shows a downward movement with room for the price to recover more.
by cryptodailyuk