LINK/USDT - Blue Sky Breakout! - 80.85% Profit Potential
Happy Friday everyone! Another glorious day on this beautiful blue planet!
We can see here LINK looks ready for a blue sky breakout. I have used Fibonacci measurements to come up with the target for this blue sky breakout.
I'm looking for a 4H, 12H, and/or 24H close, or re-test, above the prior high at 4.8051 for a clean entry!
I am also looking at a longer-term swing trade that forecasts LINK going to $15! I'm hoping to post that analysis later today or this weekend!
I recently switched up to using purple lines for horizontal support/resistance. I thought the purple popped really nice on the black background, but I'm interested in seeing what you think. Is the purple easy on teh eyes? Is it easy to see? Is it overwhelming? Too bright? Any feedback is much appreciated! Have a wonderful day and leave a like and comment if you find value in this post! It is a really quick and effective way to show your support!
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Entry: 4.8052
Entry Zone: 4.71-7.95
T1: 5.00
T2: 5.25
T3: 5.45
T4: 5.50
T5: 5.75
T6: 6.10
Stop: 4.3745
--
R:R: 3.01
Risk: 8.96%
Reward: 26.95%
Leverage: 3X
Leveraged Risk: 26.88%
Leveraged Reward: 80.85%
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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.
We can see here LINK looks ready for a blue sky breakout. I have used Fibonacci measurements to come up with the target for this blue sky breakout.
I'm looking for a 4H, 12H, and/or 24H close, or re-test, above the prior high at 4.8051 for a clean entry!
I am also looking at a longer-term swing trade that forecasts LINK going to $15! I'm hoping to post that analysis later today or this weekend!
I recently switched up to using purple lines for horizontal support/resistance. I thought the purple popped really nice on the black background, but I'm interested in seeing what you think. Is the purple easy on teh eyes? Is it easy to see? Is it overwhelming? Too bright? Any feedback is much appreciated! Have a wonderful day and leave a like and comment if you find value in this post! It is a really quick and effective way to show your support!
---
Entry: 4.8052
Entry Zone: 4.71-7.95
T1: 5.00
T2: 5.25
T3: 5.45
T4: 5.50
T5: 5.75
T6: 6.10
Stop: 4.3745
--
R:R: 3.01
Risk: 8.96%
Reward: 26.95%
Leverage: 3X
Leveraged Risk: 26.88%
Leveraged Reward: 80.85%
---
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
Gotta love the LINK bullz! They never cease to amaze me!T1: 5.00 - HIT!!! (12.16% Gain)
T2: 5.25 - HIT!!! (27.77% Gain)
T3: 5.45 - HIT!!! (40.26% Gain)
T4: 5.50 - HIT!!! (43.38% Gain)
Note
Follow this channel now for regular day trading and swing trading technical analysis! Let's get this crypto! Yeehaw!Note
Also, I'm curious. What do you think of the purple support/resistance lines? Is it too bright or uneasy on the eye? Too bright? Any feedback is appreciated, thanks!Note
All profit targets hit! 80.85% gain in 5 days! Let's get this crypto! T5: 5.75 - HIT!!! (58.98% Gain)
T6: 6.10 - HIT!!! (80.85% Gain)
Note
We can see here daily candles closing immediately above our target, which was by design! I had no idea we would continue higher, but I had confidence we'd reach the final target of this setup!
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.
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.