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Weekly forecast Chainlink technical chart
Symbol LINKUSD

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Trade Setup

#LINKUSDT
Total Profit: 9285 pip (606%)
Closed trade(s): 4140 pip Profit (271%)
Open trade(s): 5145 pip Profit (335%)

Trade Setup:
We opened 10 BUY trade(s) @ 15.30 based on 'Valley' entry method at 2021.07.21.

Closed Profit:
TP1 @ 17.60 touched at 2021.07.26 with 230 pip Profit (15%).
TP2 @ 20.10 touched at 2021.07.30 with 480 pip Profit (31%).
TP3 @ 24.05 touched at 2021.08.03 with 875 pip Profit (57%).
TP4 @ 26.55 touched at 2021.08.11 with 1125 pip Profit (74%).
TP5 @ 29.60 touched at 2021.08.16 with 1430 pip Profit (94%).
230 (15%) + 480 (31%) + 875 (57%) + 1125 (74%) + 1430 (94%) = 4140 pip (271%)

Open Profit:
Profit for one trade is 25.59(current price) - 15.30(open price) = 1029 pip (67%)
5 trade(s) still open, therefore total profit for open trade(s) is 1029 (67%) x 5 = 5145 pip (335%)

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 17.600 is broken, we will close open trades.
DateAugust 28, 2021 - 18:59
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 17.600 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 17.600 is broken.

Technical analysis:

  • A peak is formed in daily chart at 29.300 on 08/23/2021, so more losses to support(s) 24.050, 20.100 and minimum to Major Support (17.600) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 51.

Take Profits:

  1. 17.600
  2. 20.100
  3. 24.050
  4. 26.550
  5. 29.600
  6. 34.000
  7. 38.650
  8. 44.300
  9. 52.950
Click on the level to view price action history.
Symbol Released Current Forecast
Chainlink (LINKUSD) free Sun, 25 Dec 2022
Chainlink (LINKUSD) Mon, 5 Dec 2022
Chainlink (LINKUSD) Sun, 27 Nov 2022
Chainlink (LINKUSD) Mon, 21 Nov 2022
Chainlink (LINKUSD) Sun, 6 Nov 2022
History
Daily-Trading-Opportunities on LINKUSD.