Title: LINKUSD Futures ( LINKUSDH ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 9.559
Pivot: 8.061
Support: 7.570
Preferred case: Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to rise from the pivot at 8.061, and head towards the resistance at 9.559, where the previous swing high is.
Alternative scenario: Price could head back down to retest the support at 7.570, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 9.559
Pivot: 8.061
Support: 7.570
Preferred case: Looking at the H4 chart, my overall bias for LINKUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Expecting price to rise from the pivot at 8.061, and head towards the resistance at 9.559, where the previous swing high is.
Alternative scenario: Price could head back down to retest the support at 7.570, where the 50% Fibonacci line is.
Fundamentals: There are no major news.