TheSignalyst

LINK - DYDX - SUSHI || Coincidence? I don't think so

WHITEBIT:LINKUSDT   ChainLink Token / Tether US
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.

As per my trading plan / routine, I update my charts and alerts every Sunday night to be ready for the upcoming week.

Tonight, while going over all the charts, I noticed that these there assets / tokens are forming similar price action.

LINK - DYDX - SUSHI || Weekly Chart:
After rejecting a support zone and round number, these three have been stuck inside a range in the shape of a double bottom pattern.

🏹For the bulls to take over long-term, we need the double bottom pattern to get activated by a momentum candle close above its neckline in gray.

Meanwhile, until the bulls take over, we would be stuck inside the range.

📚 We know that the entire crypto market is correlated in a way or another, but these three took my attention as the similarity is huge.

what do you think? is it a coincidence? are these three somehow related?

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

This analysis is done using RichTL
www.RichTL.com

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www.t.me/thesignalyst

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