BINANCE:LINKUSDT: Is the correction ahead?

26 kwi 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$



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"" 4H CHART ""
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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
  

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"" DAY CHART ""
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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
  

26 kwi 2020

Zlecenie aktywne

15 min candle confirmation broken resistance

26 kwi 2020

Zlecenie aktywne

Retest done

26 kwi 2020

Zlecenie zamknięto ręcznie

due to lack of volume!