Hi,
This is a Macro analysis on the 1 Month timeframe for LINKUSD pair.
I've been looking for opportunities to trade in altcoin market. With BTC in price discovery mode and other signs appearing like altcoin only market cap charts point towards liquidity coming in, it is important now than ever to be spending time to scope out opportunities here.
I do think that not all altcoins will behave the same, im trying to use TA to find those with strong technicals.
LINKUSD sticks out due to several factors.
1. We are in an ascending channel, that i believe currently price action will eventually attempt to reach the upper trend line. (We could be at the very moment be attempting this.)
2. Momentum indicators are flashing bullish, though note that there is still a long way to go for the current monthly candle to close.
Both MACD and STOCH RSI are flashing buys in my opinion.
If our August Candle closes with:
MACD flashing histogram bar as deep green with bullish cross and
STOCH RSI flashing bullish cross and cross occurs above the 20 line.
This would indicate a potential for Macro Bullish move to the upside. ANd i believe that move to be at the very least to the previous highs, if not to new all time highs.
For the 1Month to stay bullish, we need to look for more bullish evidence such as in lower timeframes like the 1 week or 3 day to support 1 Month changes. And Bulls need to maintain dominance in those timeframes for 1 Month to print bullish.
Stay tuned for more updates.
This is a Macro analysis on the 1 Month timeframe for LINKUSD pair.
I've been looking for opportunities to trade in altcoin market. With BTC in price discovery mode and other signs appearing like altcoin only market cap charts point towards liquidity coming in, it is important now than ever to be spending time to scope out opportunities here.
I do think that not all altcoins will behave the same, im trying to use TA to find those with strong technicals.
LINKUSD sticks out due to several factors.
1. We are in an ascending channel, that i believe currently price action will eventually attempt to reach the upper trend line. (We could be at the very moment be attempting this.)
2. Momentum indicators are flashing bullish, though note that there is still a long way to go for the current monthly candle to close.
Both MACD and STOCH RSI are flashing buys in my opinion.
If our August Candle closes with:
MACD flashing histogram bar as deep green with bullish cross and
STOCH RSI flashing bullish cross and cross occurs above the 20 line.
This would indicate a potential for Macro Bullish move to the upside. ANd i believe that move to be at the very least to the previous highs, if not to new all time highs.
For the 1Month to stay bullish, we need to look for more bullish evidence such as in lower timeframes like the 1 week or 3 day to support 1 Month changes. And Bulls need to maintain dominance in those timeframes for 1 Month to print bullish.
Stay tuned for more updates.
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.