TheSignalyst

LINK - DYDX - SUSHI || Coincidence? I don't think so

WHITEBIT:LINKUSDT   ChainLink Token / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week.

Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action.

LINK - DYDX - SUSHI || Weekly Chart:
After rejecting a support zone and round number, these three have been stuck inside a range in the shape of a double bottom pattern.

🏹For the bulls to take over long-term, we need the double bottom pattern to get activated by a momentum candle close above its neckline in gray.

Meanwhile, until the bulls take over, we would be stuck inside the range.

📚 We know that the entire crypto market is correlated in a way or another, but these three took my attention as the similarity is huge.

what do you think? is it a coincidence? are these three somehow related?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst

Buy CRGPT on Uniswap
cutt.ly/CRGPT
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.