LINKUSDT - Break out Preconditions:
- trend bullish.
- level pressure.
- there is no downward movement after a false breakdown.
- higher high.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Linkusdtlong
LINKUSDT: Buy possible (13.09.2020)On D1, the cloud is directing downward, indicating a price correction, and price found support at the 50% Fibonacci level.
On H4, the price fluctuates around the cloud, which indicates the formation of a local price correction.
In addition, a divergence has formed on H4 between the price and the RSI, which indicates a possible end of the price correction on D1.
We recommend buying from the level of 12-11 (when RSI will reached overbought level on H4).