LINK - support and resistance level defined by SmartBot
Hello, Community!
Let's continue analyze altcoins using the SmartBot algorithm. While Bitcoin is staying at the same price and it's trading is so boring and not a profitable,
LINK is showing us some interesting opportunities.
If we set up the strategy start period at the beginning of July we can see that SmartBot has created the previous base and defined the strong support levels in case of breakdown, but price continues sideways. As a result algorithm created the new base which has been already broken.
We can see that the strategy has already filled two buy orders at the first and second entry levels. Let's notice that the price showed some reaction on these levels, it means that the price respects this strategy. If the LINK price will continue sideways the current strong resistance and the exit level is defined by the green line with the price $6.61. If the negative scenario activates SmartBot is gonna be able to DCA the current position at the support 1 and 2 levels, prices $5.96 and $5.42.
This automated strategy has been created with the assumption that price movements are unpredictable. It absolutely does not matter which side the price will choose, strategy is gonna do it's work perfectly. Now Skyrexio team is working on the another one automated strategy, soon you will see the market analysis using all our developments.
Best regards, Skyrex team
___________________________________________________
🔥Follow and smash the rocket 🚀 button to support us🔥
Let's continue analyze altcoins using the SmartBot algorithm. While Bitcoin is staying at the same price and it's trading is so boring and not a profitable,
LINK is showing us some interesting opportunities.If we set up the strategy start period at the beginning of July we can see that SmartBot has created the previous base and defined the strong support levels in case of breakdown, but price continues sideways. As a result algorithm created the new base which has been already broken.
We can see that the strategy has already filled two buy orders at the first and second entry levels. Let's notice that the price showed some reaction on these levels, it means that the price respects this strategy. If the LINK price will continue sideways the current strong resistance and the exit level is defined by the green line with the price $6.61. If the negative scenario activates SmartBot is gonna be able to DCA the current position at the support 1 and 2 levels, prices $5.96 and $5.42.
This automated strategy has been created with the assumption that price movements are unpredictable. It absolutely does not matter which side the price will choose, strategy is gonna do it's work perfectly. Now Skyrexio team is working on the another one automated strategy, soon you will see the market analysis using all our developments.
Best regards, Skyrex team
___________________________________________________
🔥Follow and smash the rocket 🚀 button to support us🔥
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