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Let's go LINK Marnies! LINK/USD has had an epic recovery from the bottom, right now we are looking for a long entry along the uptrend.
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STRATEGY USED: Silver Scalper Trend Confirmation = Range MA Entry Signal = Bull/Bear Power Exit Signal = Bull/Bear Power OR Range MA
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1. Range MA is showing an uptrend (Green bar color) for LINK/USD on the 1 hour chart.
2. With this strategy we want to enter on all Bull signals in an uptrend (Green bar color) and sell on Bear signals or when a downtrend is signaled (Red bar color).
3. Currently we are looking at rejection from R1. We will be keeping an eye on the R2 resistance level going forward to see how strong these LINK Marines truly are.
4. For the time being though we are still waiting on a Bull entry signal from Bull/Bear Power and will be updating after that.
5. If the LINK Marnies wants to continue this uptrend then seeing us break down any farther then S2 would be disastrous!
Note
We have gotten a Bull signal on LINK confirming a long entry.
Note
Looking like a good reaction off S1 previously and currently sitting around R1 now.
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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.