LupaCapital

LINK USD - Are you in?

COINBASE:LINKUSD   Chainlink
G'day,

Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.

A note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral, until the opportunity of a rejection of the PCP has occurred or a long opportunity from a break and retest of the trend. Overall, where an imbalance is formed and sellers have completed the changing of hands due to purchasing further increments the exhaustive sellers.

Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. However, note, at current we are awaiting confirmation of a Bearish move.

Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.

Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Rose = Four Day, 3Day
Orange = Daily

Monthly
  • Price action on the monthly has fallen back down to the previous al time high double top As indicated by the zone which aligns with the FEB/March 2020 wick highs.


Bi-Monthly
  • Low curve, shows that price will now begin to break this bi-monthly TL (review bi-monthly chart above) once a lower timeframe offers the departure confirmation on a daily break and retest.
  • The zone chosen here on the half departure of the engulfing candle is used with the strong magnet as this indicates a higher probability chance of pricing interacting with this zone.

Weekly
  • The weekly zone has now been tested and has held with buyers guarding $5.00 level. The overall monthly level shows a strong imbalance, yet to be tested so price can breach towards the monthly before creating a reactive wick.
  • To look for a change in structure, the current consolidative range found on the weekly, four day and daily is now offering a build up for long opportunities. The daily has provided a Fresh zone where longs can be taken.
    The curve is now needing a clean 2x departure following the rules of a reactive wick, spinning top or doji candle. This will be confirmed by a daily close.

Fresh Weekly zone

Four day Range
  • It's clear the range of this structure is in a strong build up zone for creating a long opportunity and with a confirmation, further sell down towards <$4. The probability of how price consolidation and price action is forming here has created great fresh zones.
  • the curve is yet to be broken, so as price heads towards a symmetrical triangle pattern, this will enable us with a pattern to form. Keep in mind alternative patterns such as flags and price skewing towards the high curve instead of the low curve.

Daily
  • Fresh zone as highlighted in Orange, sitting above the white OL zone. Expecting price to now establish a higher low in the chart formation based on structure.
  • Buying upon a reactive tap or a deep corrective move, forming the strategy rules in looking for a confirm of departure.

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  • Professional analyst with 5+ years experience in the capital markets
  • Focus on technical output not fundamentals
  • Focus on investing for long term positional moves
  • Provide updates where necessary - with new updated ideas tracking the progress.
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Thanks,
LVPA MMXXII
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