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ChainLink (LINK) - October 19

BINANCE:LINKUSD   ChainLink
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(LINKUSD 1W Chart) - Medium to Long-Term Perspective
Above the 9.8711250 point: the uptrend expected to continue


(1D chart)
Resistance section: 29.4553707-32.1285728

Support section: near point 20.7294159

It is important to maintain the price above the 23.0423632-24.7440907 zone to move towards the resistance zone.

A break above the resistance zone is expected to accelerate the uptrend.


If the decline is from the support zone, it could be near the 14.9592563 point, so trade with caution.

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(LINKBTC 1W Chart) - Mid-Long-Term Perspective
Above 0.0002195-0.0002757 section: expected to continue upward trend


(1D chart)
Resistance section: 0.0005332-0.0005843

Support section: near point 0.0003799


It is important to keep the price above the support zone.

Therefore, it is necessary to check whether there is a sharp rise in the support section.


To turn into an uptrend, it must rise above the resistance zone.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not yet been released.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
Disclaimer

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