Link USDT Triple bullish missing right shoulder divergence

2020年1月4日

LINKT USDT Bullish missing right shoulder divergence

On the daily we see a triple divergence with a so called missing right shoulder.
Price diverges with MACD-H, MACD lines, and Elder Force Index.

Trade is invalidated if the price is below the support line, more then 2 ATR lines away.

I am seeing this ticking up in the coming days.
The unsure thing is the weekly though. I still see nothing going up yet, and MACD-H and 21 EMA are both declinging.

But what I see is the following.

I have drawn four arrows in blue on the weekly, which makes me to enter this trade (after I have found a good entry on a shorter timeframe)

From top to bottom:

- Long bottom wicks. It looks like it does not want to go lower
- Depending on how the weekly closes, the MACD-H does not go much lower anymore, and we can expect it to go up again.
- EFI is on a very low level and could go up, although there is no curling up yet
- Stochastic RSI extremely oversold, although this is an unreliable sign in a downtrend

Each of these points individually do not say that much, but those combined do.

Stoploss: 1.44

Entry: Around 1.80 to 1.83

Exit: 2.45 to 2.60, Roughly 2,5 ATR away on the weekly timeframe

2020年1月5日

註釋

I had placed a buy order during the night. Got in at 1.82. I could not follow the market and I thought it would at least pullback to the EMA on the 1H chart, which it did.

Later we saw a strong dump on huge volume, but that is something you can't anticipate for.

2020年1月20日

交易結束：目標達成

Trade worked out perfectly. You could even go out way higher if you stayed in the trade.

Top level of target zone reached. 41% profit