Hello Traders Investors And Community,
Welcome to this analysis about LINKUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. LINKUSD since showing up with heavy bearish breakdowns to the downside has somewhat recovered in the structure and as I discovered now is forming a decisive formation that will be worthwhile in the upcoming determinations, currently, there is not the only scenario to consider and it is highly necessary to wait on the proper validations before moving into the right direction, therefore I detected all the important levels and likely destinies we should consider with LINKUSD ahead upcoming times.
Structural Developments:
As when looking at my chart we can watch there how LINKUSD is trading within this major ascending-channel-formation marked with the blue boundaries, furthermore, LINKUSD has already completed this coherent wave-count within the schedule and what comes after such development is either a wave-E-extension in which price-action manages to increase above the previous wave E determinations or a breakout below as the wave-count has finished. These two scenarios are also important to consider here and for the next time, it is likely that LINKUSD continues with consolidation within the ascending-channel-formation between the descending-resistance-line and the lower boundary of the channel.
Upcoming Determinations:
Taking all these factors into consideration LINKUSD is trading in a situation where it will show in what direction it continues. When LINKUSD manages to increase with bullish price action from here and move above the descending-resistance-line marked in black this will highly likely lead to a wave-E-extension and testing of further resistances ahead otherwise when this does not happen and LINKUSD increases with bearish pressure further and moves below the lower-boundary to close there such a price-action will complete the whole ascending-channel-formation as a bear-flag and activate lower levels to be tested, these two scenarios will be important next times, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about LINKUSD, we are looking at the 2-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. LINKUSD since showing up with heavy bearish breakdowns to the downside has somewhat recovered in the structure and as I discovered now is forming a decisive formation that will be worthwhile in the upcoming determinations, currently, there is not the only scenario to consider and it is highly necessary to wait on the proper validations before moving into the right direction, therefore I detected all the important levels and likely destinies we should consider with LINKUSD ahead upcoming times.
Structural Developments:
As when looking at my chart we can watch there how LINKUSD is trading within this major ascending-channel-formation marked with the blue boundaries, furthermore, LINKUSD has already completed this coherent wave-count within the schedule and what comes after such development is either a wave-E-extension in which price-action manages to increase above the previous wave E determinations or a breakout below as the wave-count has finished. These two scenarios are also important to consider here and for the next time, it is likely that LINKUSD continues with consolidation within the ascending-channel-formation between the descending-resistance-line and the lower boundary of the channel.
Upcoming Determinations:
Taking all these factors into consideration LINKUSD is trading in a situation where it will show in what direction it continues. When LINKUSD manages to increase with bullish price action from here and move above the descending-resistance-line marked in black this will highly likely lead to a wave-E-extension and testing of further resistances ahead otherwise when this does not happen and LINKUSD increases with bearish pressure further and moves below the lower-boundary to close there such a price-action will complete the whole ascending-channel-formation as a bear-flag and activate lower levels to be tested, these two scenarios will be important next times, it will be an interesting development.
Thank you everybody for watching the analysis, great contentment for everybody supporting, have a good day and good trading, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.