Hello, dear TradingView members.
This idea is a LINK analysis.
LINK just made a 10% move up. And it's about to restest the last resistance which rejected it a few times.
RSI crossed the border to 75 a couple of times, but the price still has the potential to move higher. Watch out for the resistance level because it's a strong zone. If you're into opening long positions, please wait for more confirmations and open your long positions right after a closure above the resistance area.
Scenario one:
A breakout:
The price will touch the key level, pull back up, and hit the first resistance; then, it might touch the higher highs.
Scenario two:
A fake-out:
The price will move to resistance and then fall back into the support zone.
The Bollinger Bands are broad, but they're about to get squeezed back.
The Speedometer indicator shows Neutral volumes on the market for LINK on a 1D interval.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
This idea is a LINK analysis.
LINK just made a 10% move up. And it's about to restest the last resistance which rejected it a few times.
RSI crossed the border to 75 a couple of times, but the price still has the potential to move higher. Watch out for the resistance level because it's a strong zone. If you're into opening long positions, please wait for more confirmations and open your long positions right after a closure above the resistance area.
Scenario one:
A breakout:
The price will touch the key level, pull back up, and hit the first resistance; then, it might touch the higher highs.
Scenario two:
A fake-out:
The price will move to resistance and then fall back into the support zone.
The Bollinger Bands are broad, but they're about to get squeezed back.
The Speedometer indicator shows Neutral volumes on the market for LINK on a 1D interval.
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
