BINANCE:LINKUSDT: Is the correction ahead?

Aktualisiert
Hello Friends,

today I come up with an idea on LINKUSDT.
Share your enthusiasm by giving me LIKES and COMMENTS. Thanks in advance.

Target 1: 0.382 Fib retracement @ 3.28$
Target 2: 0.5 Fib retracement @ 3.08$



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"" 4H CHART ""
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Analysis targets:
  • Review of previous asset progression
  • Derivation of action setup


See on top!

Key findings:
  • Major correction in higher timeframes missing
  • Rising wedge support level congruent to trend line of Fibonacci retracement
  • Rising wedge borders refined, top at 3.9090 confirmed
  • Target 2 and support level of previous channel confluence present


Next move:
  • Wait for breakout confirmation
  • Enter trade


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"" DAY CHART ""
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Analysis targets:

  • Trend identification
  • Trendedness estimation


Snapshot

Key findings:
  • Value above 200 days EMA
  • Rising wedge pattern identified
  • Price/volume divergence identified
  • Trendedness present in previous chart progression
  • Bitcoin correlation given
Trade ist aktiv
15 min candle confirmation broken resistance
Trade ist aktiv
Retest done

Snapshot
Trade wurde manuell geschlossen
due to lack of volume!
Chart PatternsChart patternsCryptocurrencyFibonacci RetracementLINKUSDTRising WedgeTrend Analysis

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