LINK/USDT has been trading in a smooth ~20%-~30% horizontal range (sounds lucrative already) since Mid-July, suggesting reasonable consolidation in the area.
We are in favour of a long position considering some interesting observations:

- It's one of the few pairs that have managed to stay above the 100EMA lately
- Positive divergence between RSI and Price on 240m
- Currently trading around and honoring 50% Fibonacci level (We didn't plot it just to cut down on the clutter)
- The horizontal range plotted on the chart itself is ~25% and that makes a great setup in our view

We'll definitely buy the Support Zone (Marked Green) and sell Resistance zone 1 (and hopefully zone 2 as well).

This trade will be going live for Ritoku followers. Levels on the chart!
Trade closed: stop reached
Feel free to get in touch with us:
Ritoku Trading System by Bitbloxx (Discord):

Happy Trading!
Team Bitbloxx


really good coin to keep an eye on.
keep it up
+1 Reply
Making double bottoms since 1.96. Link may be the most promising project out, even though its already done like 500x since ICO, but only about 5x since listed on Binance.
+1 Reply
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