LINK and LINKBTC are both now trading with indecisive candles which is normal in a weekend though Bitcoin will dictate the next move.
The weekly transition will also be important today!
The Daily falling wedge formation is there in LINKBTC a successful bullish breakout of that will result in a rally in LINK 🔑
**⚠️ On the daily timeframe, $16.00 is the main WZRD resistance here, a successful bullish breakout of that resistance will result in a rally towards $19.50 and higher 📈 A move below $12.80 support can push the market down though I expect LINK to hold this support unless Bitcoin moves towards $73,000 support 📉**
For now, my focus will be on the intraday chart today to get the next trade opportunity.
During the weekly transition, we should see more volatility today.
**Intraday:**
The intraday chart is now moving sideways.
🔮 **A pullback towards $14.60 (POI) resistance and then a reversal will trigger as short towards $13.60 and lower. A bearish move below $13.60 and holding can trigger short too though I am interested in getting a better chart setup today - Blue WZRD Projection 🚀 **
We now need to wait for the market to get the next mature trade setup.
**Follow the WZRD Projection 🎯**
everyone
The weekly transition will also be important today!
The Daily falling wedge formation is there in LINKBTC a successful bullish breakout of that will result in a rally in LINK 🔑
**⚠️ On the daily timeframe, $16.00 is the main WZRD resistance here, a successful bullish breakout of that resistance will result in a rally towards $19.50 and higher 📈 A move below $12.80 support can push the market down though I expect LINK to hold this support unless Bitcoin moves towards $73,000 support 📉**
For now, my focus will be on the intraday chart today to get the next trade opportunity.
During the weekly transition, we should see more volatility today.
**Intraday:**
The intraday chart is now moving sideways.
🔮 **A pullback towards $14.60 (POI) resistance and then a reversal will trigger as short towards $13.60 and lower. A bearish move below $13.60 and holding can trigger short too though I am interested in getting a better chart setup today - Blue WZRD Projection 🚀 **
We now need to wait for the market to get the next mature trade setup.
**Follow the WZRD Projection 🎯**
everyone
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.