$LINK/USDT 1D(Binance Futures) Ascending triangle break & retest
Updated
ChainLink recently broke bullish on High Time Frame (HTF) and made a new All Time High (ATH).
I expect it to continue upwards after a last pull-back, let's be patient and wait for it!
Current Price= 22.627
Buy Entry= 21.310 - 19.490
Take Profit= 26.025 | 35.820 | 51.050
Stop Loss= 15.882
Risk/Reward= 1:1.25 | 1:3.41 | 1:6.78
Expected Profit= +27.57% | +75.59% | +150.25%
Possible Loss= -22.15%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 1680h
I expect it to continue upwards after a last pull-back, let's be patient and wait for it!
Current Price= 22.627
Buy Entry= 21.310 - 19.490
Take Profit= 26.025 | 35.820 | 51.050
Stop Loss= 15.882
Risk/Reward= 1:1.25 | 1:3.41 | 1:6.78
Expected Profit= +27.57% | +75.59% | +150.25%
Possible Loss= -22.15%
Fib. Retracement= 1.272 | 1.618 | 2
Margin Leverage= 1x
Estimated Gain-time= 1680h
Trade active
First entry filledChainLink dipped as expected, I told you to wait for it, patience always pays!
Don't expect it to go up right away, we can still go for lower entry before that happens.
Note
Going up as expected, already +20.18% (1x)Seems like it was the perfect dip catch for ChainLink, bounced on average entry & 20EMA.
Trade closed: target reached
TP1 reached with +27.57% (1x) and 1.25RChainLink kept making new All Time Highs as planned, and does not seem to be stopping.
2nd target was missed by 0.02$, that was so near, but I expect it to be reached later anyway!
Trade closed: target reached
TP2 reached with +75.59% (1x) and 3.41RChainLink went for second target before pulling back to the first one.
Last target is still in play but may take some time to fully recover, SL at entry in any case.
Trade closed: target reached
TP3 reached with +150.25% (1x) and +6.78RThat's a wrap for ChainLink, last target finally reached in Futures.
The trade is closed but we are still holding in Spot as you may have seen on last update!
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.