ChainLink (LINK) – August 28 For BINANCE:LINKUSD By ReadCrypto

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( LINKUSD 1W Chart)

If the price is maintained above the 14.9592563-20.7294159 range, we expect the uptrend to continue.


However, it is difficult to see that a support and resistance section has been formed, so if it falls to the 9.8711250-14.9592563 section, you need to think about how to respond depending on whether there is support or not.

If it rises above the 29.4553707-32.1285728 section, the uptrend is expected to accelerate.

(1D chart)

We’ll have to wait and see if we can get support from the 23.0423632-24.7440907 section and go above the 27.5708061 point.

The 29.4553707-32.1285728 section is the first resistance section, and if it breaks above this section, the uptrend is expected to accelerate.

If it falls in the 20.7294159 section, you can touch the 9.8711250-14.9592563 section, so Stop Loss is required to preserve profit and loss.

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( LINKBTC 1W Chart)


It is difficult to see that a support and resistance zone has been formed yet.

However, if the price holds above the 0.000395 point, it is only expected that the uptrend will continue.

There is a weak support section in the 0.0002195-0.0003950 section, so if you fall into this section, you need to think about how to respond depending on whether there is support or not.

(1D chart)


snapshot

We need to see if we can find support by moving up to the 0.0005332-0.0005843 section.

If it continues to fall, you can touch the 0.0004246-0.0004623 section, so you need to trade carefully.

It must rise above the 0.0005843 point to turn into an uptrend.

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We recommend that you trade with your average unit price.

This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.

If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.

Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume .

However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.

** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.

Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)

** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)

** See support, resistance, and abbreviation points.

** Support or resistance is based on the closing price of the 1D chart.

** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart

R: A point or section of resistance that requires a response to preserve profits.

S-L: Stop Loss point or section

S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME , and BAKKT exchanges were closed because they are not traded 24 hours a day.

G1 : Closing price when closed

G2: Opening price

(Example) Gap (G1-G2)