Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
LINK rejected a strong support and round number 5.0 in green, so we will be looking for buy setups.
on DAILY: LINK formed a valid wedge pattern in brown and now forming an inverse head and shoulders but it is not ready to go yet.
Trigger => for the bulls to take over, we need the right shoulder to form and then buy after a a momentum candle close above the gray neckline (11.0)
Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green.
In this case, we will be looking for new buy setups to form on lower timeframes around 5.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINK rejected a strong support and round number 5.0 in green, so we will be looking for buy setups.
on DAILY: LINK formed a valid wedge pattern in brown and now forming an inverse head and shoulders but it is not ready to go yet.
Trigger => for the bulls to take over, we need the right shoulder to form and then buy after a a momentum candle close above the gray neckline (11.0)
Meanwhile, until the buy is activated, LINK would be overall bearish can still trade lower inside the horizontal support in green.
In this case, we will be looking for new buy setups to form on lower timeframes around 5.0
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.