LINK/BTC Swing Trade to Top of Large Ascending Triangle
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Here we can see LINK bouncing off this very old horizontal support line. LINK has never closed below this trend line. Target is the top of the ascending triangle.
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Entry: 0.00040703
Entry Zone: 0.00040597 - 0.00041600
T1: 0.00041595
T2: 0.00042968
T3: 0.00044000
T4: 0.00046600
T5: 0.00049355
T6: 0.00051287
Stop: 0.00038249
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R:R: 4.31
Risk: 6.03%
Reward: 26.00%
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Here we can see LINK bouncing off this very old horizontal support line. LINK has never closed below this trend line. Target is the top of the ascending triangle.
---
Entry: 0.00040703
Entry Zone: 0.00040597 - 0.00041600
T1: 0.00041595
T2: 0.00042968
T3: 0.00044000
T4: 0.00046600
T5: 0.00049355
T6: 0.00051287
Stop: 0.00038249
--
R:R: 4.31
Risk: 6.03%
Reward: 26.00%
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.
Note
T1: 0.00041595 - HIT! (2.19% Gain)T2: 0.00042968 - HIT! (5.56% Gain)
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Note
T3: 0.00044000 - HIT!!! (8.1% Gain) Love LINK!!!Note
Follow this channel now for regular day trading technical analysis!Note
T4: 0.00046600 - HIT! (14.49% Gain)Note
LINK/BTC is again flagging out on the 4H chart. The measured move for the flag breakout is 0.00048750 sats. This would push us above horizontal resistance (the blue box) and the 0.236 Fibonacci. Note
If volume continues to increase and remains above the exponential, there is a great chance we will see price increase to the top of the Descending Triangle. From there, we could see a blue sky breakout!
General Inquiries: t.me/cryptoguru369
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Twitter: twitter.com/CryptoGuru369
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
General Inquiries: t.me/cryptoguru369
Twitter: twitter.com/CryptoGuru369
Twitter: twitter.com/CryptoGuru369
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.