TheSignalyst

LINK - My Trading Plan in a picture!

Long
BINANCE:LINKUSDT   ChainLink / TetherUS
Hello everyone, if you like the idea, do not forget to support with a like and follow.

on WEEKLY: left
LINK is overall bullish trading above the blue trendline and is now approaching the 20.0 support in green, so we will be looking for trend-following buy setups.

on H1: right
LINK is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the green support before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL indicator
https://www.RichTL.com

Telegram
https://t.me/thesignalyst

Youtube
https://youtube.com/c/thesignalyst

Best Forex Broker
https://cutt.ly/TickmillReal

Best Crypto Exchange
https://cutt.ly/Kucoin1
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.