LINK/USDT : Bullish breakout

LINKUSDT
Hello everyone 😃

LINK had a breakout from bearish trendline.
Also there is a breakout on bullish order block which is acting as a resistance now with current candle...
It seems that 12Hours MA50 and Daily EMA20 was helped the pair to bounce again into ATH's resistance levels !
Now, 4Hours MA50 is acting as a resistance and I expect a rejection to retest the broken levels.
📌 Have to mention that MACD is currently bullish, And with current 4H candle closes above bullish order block it will confirms the bullish crossover on simplified MACD.

As we are talking about LINK's possible new ATH, BTC is located above 51K level.

It seems that BTC has reached the 52K's resistance zone, So I expect a rejection to lower levels around ~$50500's support line and ~$47500's broken symmetrical triangle lines.
Also Indicators on low timeframe charts are suggesting a retest on for a cooldown on their counts.
I can mention 3 of them; Volatility has reached the overbought limit zone and Bollinger Bands x Stochastic RSI showed a bearish cross on their combination.
🔰 I'm predicting on a breakout above 52K level, And then I would suggest to have a retest on 54K's important resistance line; Also Daily MA100 is located around 54K level.
So if there was a reversal points for BTC, They should be 54K and 59K...

📚 Based on my data about LINK 4Hour's chart and BTC low TF's chart; We might see a continuation after a retest on lower level OR after a confirmed breakout above 52K's resistance zone.


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Attention: this isn't financial advice we are just trying to help people on their own vision.

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@Helical_Trades

تعليق:

Everything is fine now..

تم إغلاق الصفقة يدويًا:

LINK dived below trendline,
Also BTC is not healthy now !