Get started

Rectangle

LINK TO THE PASTHistorically Link has been brilliant to trade from a technicals perspective. You can see the prior consolidation channel and the 2 x Head and Shoulder patterns that played out beautifully. You can also see how the green circles were great entry levels At present we appear to be in a consolidation box awaiting breakout. I am leaning Long Term Long for the following reasons: - On Balance Volume is increasing - Break above 50 week MA - RSI pressing upwards - 90% correction in price since May 2021 (when we broke RSI resistance line, important to watch for this and exit trade if it occurs). - LINK/BTC is also in a downward channel and looks ready to break out - You will see from my recent BTC Dominance chart i believe we will have a slight pull back in dominance over coming weeks offering ETH and Alts an opportunity to make some gains - The prior patterns, the H&S, Parallel channel and subsequent H&S top, these all lasted between 52 and 72 weeks. We are in this current consolidation pattern almost 50 weeks. It is probable that we get a break out within 2 - 22 weeks. Trade Management (swing trade) - A retest of the 50 MA would be a reasonable entry. Bottom of the box event better. - Break below box, exit trade. - Trade timeline 2 - 22 weeks (explained above) - If already in the trade I would be keen to exit the trade once in oversold territory on the weekly RSI (We can always reenter it later). PUKA
COINBASE:LINKUSDLong
by PukaCharts
EURUSD: Scenarios For Next Week Explained 🇪🇺🇺🇸 EURUSD is trading within a horizontal range on a daily. Depending on the FED interest rate decision on Wednesday, I see 2 potential scenarios. If the price breaks and closes below 1.063, I will expect a bearish trend continuation and a bearish movement to 1.054. Alternatively, a bullish breakout 1.0788 will trigger a bullish continuation to 1.081. The interest rate decision will most likely clarify the future direction of the market. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
Gold (XAUUSD): FED Interest Rate Decision Ahead 🟡 On Wednesday, we are expecting a FED interest rate decision. Gold will most likely will remain very calm until then. On a daily time frame, the price is currently trading within a horizontal range. Bullish news will trigger a breakout of its upper boundary. Daily candle close above will confirm a violation. A bullish continuation will be expected at least to 2006 level then. Alternatively, a bearish breakout of the support of the range and a daily candle close below will trigger a selloff. A bearish continuation will be expected to 1900. Smart money are already accumulating their positions. Watch the intraday price action around the release of the news for the clues. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
5
Gold (XAUUSD): Before The Market Closed... 🟡 Many of you asked me to share the update for Gold. One thing is certain: the market is in a deep consolidation: the market is trading in sideways on a daily, on a 4H time frame, we can spot a horizontal trading range, one more horizontal range is also spotted on an hourly time frame. That is what the absence of the news does with the market. For those looking to buy, I can only suggest waiting for a bullish breakout of 1976 - upper boundary of a 4H range. 4H candle close above will most likely push the market higher. If you want to short, watch 1960 support - lower boundary of hourly range. If the 1H candle closes below that, a local bearish movement will be expected. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDShort
by VasilyTrader
4