Hello everyone, if you like the idea, do not forget to support with a like and follow.
on WEEKLY: left
LINK is overall bullish trading above the blue trendline and is now approaching the 20.0 support in green, so we will be looking for trend-following buy setups.
on H1: right
LINK is forming a channel in red but the 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 inside the green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: left
LINK is overall bullish trading above the blue trendline and is now approaching the 20.0 support in green, so we will be looking for trend-following buy setups.
on H1: right
LINK is forming a channel in red but the 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 inside the green support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
This analysis is done using RichTL
www.RichTL.com
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal