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Technical analysis by C_EWAVE13 about Symbol LINK: Buy recommendation (12/20/2021)

https://sahmeto.com/message/2671517
C_EWAVE13
C_EWAVE13
Rank: 9323
1.5
Buy،Technical،C_EWAVE13

Hi everyone 👋🏽🕊 Wish y'all have a profitable lifestyle 🍀📌 LINKUSD- weekly Time Frame - Candlesticks📌 W Pattern - Elliott Wave - Support Resistance zone - Double Bottom 📍 LINKUSDT is showing us some bullish signs after a very long boring correction moves 📍 We are in a very important support zone at the moment and I personally think that price is not going to break this level easily based on : 1- The double bottom pattern that chart has created 2- The possible W Pattern in weekly time frame 3- Fibonacci retracement 0.23% 📍 Chart has also created a very huge asymmetrical triangle (which is also a bullish sign)⚠️ However, if the price does not hold this very important support zones we will see the 7.9$ - 8.45$ support zones👉🏼 A very safe entry will be breaking the triangle: ⚠️ I do believe that we may see another retest of the current support zone after the retest of the triangle 👉🏼 Meaning that 27$-28$ price zones can be a big resistance level 📍 We do have a potential bullish RSI divergence in weekly and daily time frame which can be a confirmation of the W pattern. 📝 If you compare LINKUSD with BTCUSD during Feb - mid May you can figure out that LINK has done a better job, this time it may also happen. THIS IS NOT A FINANCIAL ADVICEPLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITIONGOOD LUCKNP TRADERI am still looking at this chart and hope it does not correct more than 50% of its previous candle If it does I will wait for more confirmations!BTC chart not looking so good so does the LINK chartWe have seen a slight bullish momentum till 28.6 from very topIt also have engulfed a lot of the previous candles before

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
Price at Publish Time:
$18.75
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