#LINK, #ChainLink, Who likes #Diamonds?

31 May 2021

A quick look at #ChainLink (LINKUSDT , 4HR, Binance):

• LINK is consolidating after a dip that brought its price from $53 to $15 in two weeks, in what looks like a diamond bottom.
  
• If the price confirms a breakout, we can see higher prices.
  

Strategy:

• Hit the TP1 target, or
  
• Exit after 50 candles, or Stop loss
  

If you want to read more about ChainLink on CoinMarketCap, click here.

What do you think?

Still learning here, so any constructive feedback and positive vibes to improve my analysis are welcome.
But if you enjoy my chart, please like, comment or follow me. :)

Thank you and Happy trading!

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Some of my charts represent actual trades, and some are just paper trading.
Needless to say, this is not financial advice!

2 Haz 2021

İşlem aktif

It looks like price has picked up well. It has retested the trendline and it bounced off the EMA on the 1hr TF. The multi-timeframe RSI also looks on the rise: