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 to expect in the upcoming times. Since LINKUSD has shown up with strong bearishness to the downside it somewhat recovered in the structure and made some marginal moves to the upside where it initially tested some resistances however did not yet fully managed to confirm a final reversal, furthermore, I discovered a decisive formation LINKUSD is forming that has the ability to break out in either the bullish or the bearish directions, therefore I detected all the important levels and likely destinies we should consider in the established structure and upcoming movements.
As when looking at my chart now we can watch there how LINKUSD is about to form this main ascending-channel-formation marked with the boundaries in blue, within this channel LINKUSD has the coherent wave-count with the waves A and B already completed and now with the wave C forming that runs directly into the upper boundary of the channel which is still resistance from where an initial pullback is firstly likely and should be expected. After this, the crucial decisions will come and it will be important if LINKUSD either increases with bearish pressure to the downside, such a price-action will activate the whole formation as a bear-flag and will show up with further bearish continuations to the downside, otherwise, LINKUSD manages to bounce within the structure and back-up to finally move above the upper boundary of the channel, such a price-action will complete the whole formation bullishly to the upside and will also confirm to the wave-C-extension which will result out of the breakout. These are the two main scenarios to be considered and it is of necessity to elevate these and wait for the proper validations before finally moving in the right direction.
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 to expect in the upcoming times. Since LINKUSD has shown up with strong bearishness to the downside it somewhat recovered in the structure and made some marginal moves to the upside where it initially tested some resistances however did not yet fully managed to confirm a final reversal, furthermore, I discovered a decisive formation LINKUSD is forming that has the ability to break out in either the bullish or the bearish directions, therefore I detected all the important levels and likely destinies we should consider in the established structure and upcoming movements.
As when looking at my chart now we can watch there how LINKUSD is about to form this main ascending-channel-formation marked with the boundaries in blue, within this channel LINKUSD has the coherent wave-count with the waves A and B already completed and now with the wave C forming that runs directly into the upper boundary of the channel which is still resistance from where an initial pullback is firstly likely and should be expected. After this, the crucial decisions will come and it will be important if LINKUSD either increases with bearish pressure to the downside, such a price-action will activate the whole formation as a bear-flag and will show up with further bearish continuations to the downside, otherwise, LINKUSD manages to bounce within the structure and back-up to finally move above the upper boundary of the channel, such a price-action will complete the whole formation bullishly to the upside and will also confirm to the wave-C-extension which will result out of the breakout. These are the two main scenarios to be considered and it is of necessity to elevate these and wait for the proper validations before finally moving in the right direction.
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.