Priceline of Chainlink / Ethereum cryptocurrency has formed a bullish cypher and entered in potential reversal zone.
But MACD and Stochastic are still strong bearish therefore I will would suggest to wait for weak bearish signals from MACD or bull cross from stochastic for secure trade otherwise the leg can move more down to form a shark pattern.
I have defined...
Just using two Fib retracement and extension grids, all of the key S / R levels are neatly exposed.
Could a weekly close above 2.618 imply further upwards movement? Or will the retrace continue?
Also interesting to see an essentially non-decreasing OBV and high up above LINK's long term (mean reversion) trendline.
Should be interesting to watch.
Buy After Breakout and Set Risk reward Ratio as Shown in Chart.
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
. ChainLink/Ethereum is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
. While the price uptrend in the Daily chart is not broken, bullish wave in price would continue.
. There is a possibility of temporary...