LINK is moving sideways - gathering momentum!
Hej Guys and good weekend for you all.
Again when i show something is it never buy/sell post, but more FACTS and with those facts , you can make your own decision if you wannna
put money in this trade.
facts
Been down trending like the rest of the market since since Marts 2021 and so fare its down 85 % in months.
What we see now.
WEEKLY CHART
DMI = sell = but it become more and more neutral.
MACD = negative but with positive signs.
RSI = Negative and running sideways under 50.
DAILY CHART
Ma 20 just over positive
MA 50 just over positive
Golden cross in the making for SHORT tearm bullish trading.
Ma 200 negative = Down trending.
an opportunity can happen in this area even thu it looks more bearish then bullish , but you have to think RISK/REWARD
Idear:
Buy close to the support line ( black line ) and put your stop loose under the support line ( black line )
The reason i dont say buy here is because the stop loose would be 50 % from your entry and that dont make sence, BUT if you wanna jump in now, your stop loose just under have a HIGH risk of getting stopped out in this markets conditions..
But we all trade different , so just remember to think about what your are doing and why.
Again when i show something is it never buy/sell post, but more FACTS and with those facts , you can make your own decision if you wannna
put money in this trade.
facts
Been down trending like the rest of the market since since Marts 2021 and so fare its down 85 % in months.
What we see now.
WEEKLY CHART
DMI = sell = but it become more and more neutral.
MACD = negative but with positive signs.
RSI = Negative and running sideways under 50.
DAILY CHART
Ma 20 just over positive
MA 50 just over positive
Golden cross in the making for SHORT tearm bullish trading.
Ma 200 negative = Down trending.
an opportunity can happen in this area even thu it looks more bearish then bullish , but you have to think RISK/REWARD
Idear:
Buy close to the support line ( black line ) and put your stop loose under the support line ( black line )
The reason i dont say buy here is because the stop loose would be 50 % from your entry and that dont make sence, BUT if you wanna jump in now, your stop loose just under have a HIGH risk of getting stopped out in this markets conditions..
But we all trade different , so just remember to think about what your are doing and why.