LINK - Once A Castle; Always A Castle!
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase.
Now we are expecting the MarkUp to push higher till the 18.0 resistance.
on H4: Right Chart
The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward.
In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on Weekly: Left Chart
After being stuck inside a range for more than a year between 5.0 and 10.0 round numbers, LINK finally broke above the range / accumulation phase.
Now we are expecting the MarkUp to push higher till the 18.0 resistance.
on H4: Right Chart
The bulls would remain in control from a medium-term perspective, unless the last low in red at 10.5 is broken downward.
In this case, a movement till the 9.0 - 10.0 support zone would be expected where we will be looking for trend-following buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich