TradingView
TheSignalyst
Jul 21, 2021 6:00 PM

LINK- Potential Bullish Reversal! Long

ChainLink / TetherUSBinance

Description

Hello everyone, if you like the idea, do not forget to support with a like and follow.

LINK is sitting around strong support in green so we will be looking for buy setups.

Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?

on H4: LINK is forming a channel in red but our 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 till the 10.0 before going up.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich
Comments
W0lfRAider
Very bullish setup after an extreme stretch
W0lfRAider
zoom out:
look rsi, all other times rsi was this level it was a bottom. This a 90 pct sure trade
TheSignalyst
@W0lfRAider, right brother
W0lfRAider
@TheSignalyst, yes. I dunno if my last chart did come through. I am gonna repost, cause I think it is important. And of course, kudos to all the work you put in to bring very bright ideas to this community. Here is my longer frame chart (again?):
TheSignalyst
@W0lfRAider, my pleasure brother, keep up the amazing work you too! nice and clean chart here
MMBTtrader
such great job
TheSignalyst
@MMBTtrader, thanks mate MMB
Signal_Forex
verry nise
TheSignalyst
@Signal_Forex, thanks matee
ForexTrendline
Nice one, good luck!
More