LINK - Triangle Breakout to 0.618 Fibonacci
Hello Future Millionaires!
We have seen many alts rally from their 382 Fibonacci to their 618 Fibonacci retracements this weekend. If anyone else can pull through, it's the LINK bulls, so I'm looking for a similar long as I've seen many other atls hit!!! We just confirmed a 2H candle close above the triangle formation, which has a target above the 382 Fib. I suspect that price will continue up to the 618 Fibonacci if it starts closing 2H/4H candles above the 382 Fibonacci! This setup is time sensitive as BTC will likely come back down tomorrow, upon CME open to close the CME gap at 17K. If it does, then LINK will likely see a pullback as well or go sideways.
Hoping to see some bullish continuation today! 🙂
Best of luck traders!!!
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
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Entry: 13.1616
Entry Zone: 12.87 - 13.41
T1: 13.45
T2: 13.70
T3: 14.15
T4: 14.33
Stop: 12.7567
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R:R: 2.89
Risk: 3.08%
Reward: 8.88%
Leverage: 15X
Leveraged Risk: 46.2%
Leveraged Reward: 133.2%
Risk Assessment: MEDIUM (today) HIGH (after today)
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
We have seen many alts rally from their 382 Fibonacci to their 618 Fibonacci retracements this weekend. If anyone else can pull through, it's the LINK bulls, so I'm looking for a similar long as I've seen many other atls hit!!! We just confirmed a 2H candle close above the triangle formation, which has a target above the 382 Fib. I suspect that price will continue up to the 618 Fibonacci if it starts closing 2H/4H candles above the 382 Fibonacci! This setup is time sensitive as BTC will likely come back down tomorrow, upon CME open to close the CME gap at 17K. If it does, then LINK will likely see a pullback as well or go sideways.
Hoping to see some bullish continuation today! 🙂
Best of luck traders!!!
---
Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
---
Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
---
Entry: 13.1616
Entry Zone: 12.87 - 13.41
T1: 13.45
T2: 13.70
T3: 14.15
T4: 14.33
Stop: 12.7567
---
R:R: 2.89
Risk: 3.08%
Reward: 8.88%
Leverage: 15X
Leveraged Risk: 46.2%
Leveraged Reward: 133.2%
Risk Assessment: MEDIUM (today) HIGH (after today)
---
Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
Comment:
ETH 382 to 618
Comment:
XRP 382 to 618
Comment:
T1: 13.45 - HIT!!! (32.87% gain)
Keepin' it crypto y'll! <3
Keepin' it crypto y'll! <3
Comment:
Target #1: 13.45 - HIT!!! (32.87% gain)
Target #2: 13.70 - HIT!!! (61.36% gain)
CryptoGuru here to serve-u!
Target #2: 13.70 - HIT!!! (61.36% gain)
CryptoGuru here to serve-u!
Comment:
The crypto gods were good to us on this one, eh?!?!
Target #1: $13.45 - HIT!!! (32.87% gain)
Target #2: $13.70 - HIT!!! (61.36% gain)
Target #3: $14.15 - HIT!!! (112.65% gain)
Very thankful for all the abundance in all its forms! <3
Target #1: $13.45 - HIT!!! (32.87% gain)
Target #2: $13.70 - HIT!!! (61.36% gain)
Target #3: $14.15 - HIT!!! (112.65% gain)
Very thankful for all the abundance in all its forms! <3
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