Chainlink (Link) formed another big Cypher for upto 150% rally
Hey dear friends, hope you are well, and welcome to the new update on Chainlink (LINK).
The previous bullish Cypher move of LINK produced more than 112% profit rally:
Now this time on the weekly time frame chart, the price action of LINK has formed another bullish Cypher pattern. There is also 50 simple moving average support in the buying zone and 100 SMA below the buying area.
Buy and sell targets:
Buy between: $23.65 to $16.78
Sell between: $29.04 to $42.01
Stop loss:
The maximum extent of potential reversal zone $16.78 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 150%, and the loss possibility is 30%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
The previous bullish Cypher move of LINK produced more than 112% profit rally:
Now this time on the weekly time frame chart, the price action of LINK has formed another bullish Cypher pattern. There is also 50 simple moving average support in the buying zone and 100 SMA below the buying area.
Buy and sell targets:
Buy between: $23.65 to $16.78
Sell between: $29.04 to $42.01
Stop loss:
The maximum extent of potential reversal zone $16.78 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 150%, and the loss possibility is 30%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.