Link / btc Upward trend 545 days! Pivot points. Potential $
The LINK coin has been moving in an uptrend for a year and a half !!! 545 days !!!
Since the inception of the uptrend, the coin has now grown by more than + 1000%.
This is one of the rare coins that goes against the market.
Now there is a correction to the uptrend line.Watch the line of the uptrend when the price approaches it.
It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line.
Entrance three options from the development of events:
1) From the uptrend line, if confirmed.
2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed.
3) Entry into the short if the line of the uptrend, the price breaks and fixes under it.
Target.
All targets in three trading options on the chart.
If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%.
Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line.
If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half.
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
Since the inception of the uptrend, the coin has now grown by more than + 1000%.
This is one of the rare coins that goes against the market.
Now there is a correction to the uptrend line.Watch the line of the uptrend when the price approaches it.
It is very likely that a large ascending triangle will form inside a huge expanding triangle. The uptrend will be supported by the uptrend line.
Entrance three options from the development of events:
1) From the uptrend line, if confirmed.
2) On a breakthrough or rollback after a breakthrough of an ascending triangle if this formation is formed.
3) Entry into the short if the line of the uptrend, the price breaks and fixes under it.
Target.
All targets in three trading options on the chart.
If this formation of the ascending triangle is confirmed, the wave potential inside the ascending triangle is + 80%.
Also, the development of the potential of the ascending triangle if it is formed + 200% of the resistance. Or +280% of the uptrend line.
If the uptrend line is broken down and the price consolidates below it, then the potential for working to lower the price opens, as the coin grew by more than 1000% against the market in a year and a half.
Stop Loss.
Under key support levels during your entry into the market. But when setting Stop-Loss, consider the potential volatility of this tool.
Comment:
An uptrend continues. After the breakthrough of the ascending triangle (bullish), a similar local triangle formed, the price near the breakthrough of the resistance of this formation. Entrance on a breakout or rollback after breaking a triangle towards a breakout. Goals are shown in the graph.
Trade closed: target reached:
+ 90% since last update. And so the profit on a trading idea is about + 170%
Trade closed: target reached:
Positional trading. Maintaining a position in a trend. Profit at the moment is + 370% from a safe entry point
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The LINK 2018-2020 coin was rising in value against the general market trend. Alts were depreciating and bitcoin was getting cheaper, while LINK was growing in value. Naturally, to do this initially you have to burn a lot of money, until most will believe that this is normal. They will get used to the fact that very expensive is very cheap. As a result, LINK to BTC (emphasis added) showed more than +6000% at peak.
In such strong long-term trends, unthinkably expensive altcoin is traded for cheap bitcoin. LINK rose in price and significantly at a time when BTC was getting cheaper or didn't show such a % increase in price. Major market participants were dumping expensive LINK for cheap BTC. Then having already significant amount of “cheap bitcoin” before market reversal in 2021.
BTC showed from the full capitulation zone over 10X, from an average set price of over 6X
In such strong long-term trends, unthinkably expensive altcoin is traded for cheap bitcoin. LINK rose in price and significantly at a time when BTC was getting cheaper or didn't show such a % increase in price. Major market participants were dumping expensive LINK for cheap BTC. Then having already significant amount of “cheap bitcoin” before market reversal in 2021.
BTC showed from the full capitulation zone over 10X, from an average set price of over 6X
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There is a breakdown of the ascending triangle. Goals on the chart.
If there is a rollback and correction, an important zone is the mirror level of support already (former triangle resistance).