From the Technical Perspective:
1. From the Monthly perspective, LINK/USD was created an overextended W formation, expecting a deeper retracement to the neckline of the W (represent as dot line 45.84448 in chart),once the market turn to the bearish market.
2. From the Weekly perspective, LINK/USD created an impulse to the upside followed by a correction. We can expect a continuation to the upside.
3. From the Daily perspective, LINK/USD seem like creating an IHNS (Inverted Head and Shoulder), will expect the price create an equal high (40.71515~39.04352) with a proper retest with the potential right shoulder region (35.70026~34.40010).
4. Overall direction from the Multi-Timeframe Analysis: BULLISH
How to approach LINK/USD?
1. Monitoring the Daily timeframe and waiting for the IHNS formed, then we can looking for the potential long opportunity in the lower timeframe if your rules of the strategy are fulfilled.
2. Since the lower-timeframe is indicating bullish market at the moment, we can looking for the short-term long opportunity and targeting the potential equal high region (40.71515~39.04352), if your rules of the strategy are fulfilled.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on LINK/USD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.
1. From the Monthly perspective, LINK/USD was created an overextended W formation, expecting a deeper retracement to the neckline of the W (represent as dot line 45.84448 in chart),once the market turn to the bearish market.
2. From the Weekly perspective, LINK/USD created an impulse to the upside followed by a correction. We can expect a continuation to the upside.
3. From the Daily perspective, LINK/USD seem like creating an IHNS (Inverted Head and Shoulder), will expect the price create an equal high (40.71515~39.04352) with a proper retest with the potential right shoulder region (35.70026~34.40010).
4. Overall direction from the Multi-Timeframe Analysis: BULLISH
How to approach LINK/USD?
1. Monitoring the Daily timeframe and waiting for the IHNS formed, then we can looking for the potential long opportunity in the lower timeframe if your rules of the strategy are fulfilled.
2. Since the lower-timeframe is indicating bullish market at the moment, we can looking for the short-term long opportunity and targeting the potential equal high region (40.71515~39.04352), if your rules of the strategy are fulfilled.
The result might not follow my analysis, this analysis is based on the TA & FA perspectives.
Comment down below let me know your view on LINK/USD or which pairs you would like to me analyze in the future.
Kindly visit my profile and get more free analysis every single day.