reversalradar

LINK Next in Line to Rally?

Long
OKX:LINKBTC   Chainlink/Bitcoin
Major Alt coins of BCH, ETC, MKR, have all posted 60%+ rallies the past few days.

LINk has also been consolidating above .0035 and .005 BTC and put in a higher low on this weekly candle. There is some symmetry in the higher low with the low of two weeks ago and this seems to be the bottom for most alts vs. BTC. LINK should therefore also be in that group and ready to rally with a break above the .005 level.

Stop entry set for .005.

Will also add to the position once the weekly chart produces its first green close.

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.