Quick trade on: LINK/USDT

Quick trade on: LINK/USDT

By toofasteddie | The cryptorunner | 30 Jul 2020


I am not a fan of this altcoin, since I think it has still to demonstrate many things in its project, however, I am not going to deny a good chance trade when I see it:

image.png

Apparently, LINK should have completed an easy 5-3-5 Zig-Zag correction and may be ready for a nice run up since those two long tail candles have touched as well the 200-EMA line in blue, which used to be bullish... so, If I am right, the breakage of the downtrend line in green should be at the doors.

Possible targets that I see:

image.png

  • 6.89% as a first resistance
  • 8.56% as a second
  • and then up towards 17% as the previous High

Let's see how it works but if BITCOIN consolidates for a while around the current level, I think it has a lot of chances for LINK to reach again those targets...


I'm sharing only my quick trading Ideas here, not financial advice at all ;-)

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


toofasteddie
toofasteddie

Dad, Engineer, Runner and Crypto-trader


The cryptorunner
The cryptorunner

Opinion and Trading Ideas about crypto

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.