LINK/USDT : Analyze multiple timeframes

٨ ديسمبر ٢٠٢٠

LINKUSDT
Hello everyone 😃
LINK is touching Channel's bottom again.
So now There is 2 possible scenarios :

1️⃣ LINK breaks 200 EMA on 6H timeframe and now it's below it, Also MACD is bearish but Stochastic is reaching 0 limit,
So a retest on 200 is expected before dump. By the on higher timeframes EMA 200 is supporting movement !
📍 For those who wants to take short : It's better to wait for a confirmation after break below channel.

2️⃣ LINK is still moving into ascending channel and EMAs are supporting it on higher timeframes, Also Stochastic is reaching 0 limit and it can cause a bounce on it !
BY the way on 6H timeframe as we are below 200 EMA it's not safe to take long position and it can lead the price below channel...
📍 For those who wants to take long : It's better to wait for a confirmation after pullback into channel.

🔴 Both sides are possible and we are trying to present you best visions. It's better to wait for movement confirmations ! Trade safe.

Attention : this is not a financial advise we just try to help people on their own vision.

HAVE A GOOD DAY
- Helical_Trades