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Chainlink (LINK) – May 21 for BINANCE:LINKUSD by readCrypto

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( LINKUSD 1W chart)

(1D chart)
You should watch for any movement that deviates from the 26.17397-34.30128 section.
If it goes down, you need to make sure you get support at 29.45537066.

In order to turn to an uptrend, it must rise above 42.05362298 and gain support.

In particular, we have to see if we can stock up on the power of the upside by rising by 34.30128 points and moving sideways.

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( LINKBTC 1W chart)

(1D chart)

It remains to be seen if it can rise above the 76773 Satoshi point and continue the uptrend along the uptrend line.

If it falls, we need to make sure we get support in the 70234 Satoshi-74265 Satoshi section.

If you fall at the 70234 Satoshi branch, you need Stop Loss to preserve profit and loss.

However, you need to trade carefully because you can touch the 68143 Satoshi branch and climb.

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It is advisable to trade at your average unit price.

This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden.

The center of every trade starts with the average unit price 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, so that the money that ultimately corresponds to the profit can regenerate the profit.

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** All indicators are lagging indicators.

So, it’s important to be aware that the indicator moves accordingly with the movement of price and volume .

Just for the sake of convenience, we are talking upside down for interpretation of the indicators.

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

Therefore, the interpretation is the same as the conventional 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 that oh92 disclosed. (Thank you for this.)

** Check support, resistance, and abbreviation points.

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

** All explanations are for reference only and do not guarantee profit or loss on investment.

Explanation of abbreviations displayed on 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 segment that can be bought for profit generation as a support point or segment

(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. 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 do not trade 24 hours a day.

G1: Closing price when closed

G2: Cigar at the time of opening

(Example) Gap (G1-G2)

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