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LINKUSD 4HR Turning PointLINKUSD broke below middle channel support and below RSI support in the last 24 hours. We saw major volume on the sell side. $Link is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is currently printing a reversal candle. We will know by lunch today if we see bearish continuation, or what I think will happen is a reversal.
COINBASE:LINKUSD
by greatnewtini
LINKUSD 4HR UpdateLINK's selling pressure has been furious. We have seen some high volume showing strong conviction over the last 24 hours. If we can hold the bottom of the channel, which it looks like we might as it also coincides with the bottom Bollinger band, I expect a green day today. RSI broke well below support but is showing signs of a reversal. Heikin Ashi, not pictured, already shows a reversal on the RSI and is currently printing a reversal candle on the 4HR. We will know before lunch what is happening
COINBASE:LINKUSD
by greatnewtini
LINK Gaining SteamLINK, like most of crypto right now, is gaining steam. LINK is forming a nice upward channel with RSI higher lows forming a nice baseline for an upward trajectory. Liking what I see. Seems to be pretty smooth sailing up to the $31 area. Couple this with all the bullish news surrounding Chainlink from Citi and also Blockfi announcing that tomorrow they will also accept LINK for staking to earn 5.6% interest. BTC is starting to slowly show some strength as well which bodes well for all of crypto.
COINBASE:LINKUSDLong
by greatnewtini
3
4hr chart h&s has formed. Will bull div keep it from triggering?Considering the h&s pattern is so blatantly obvious while also in a bull market is reason enough to be slightly cautious here... when you throw in the bullish divergence with that (yellow trendlines) the confluence really increases the likelihood of a fakeout...I think it's also probable we could get a breakdown that doesn't reach its full target as well. For now these seem like the two most likely outcomes here. *Not financial advice*
GEMINI:BTCUSD
by DrDovetail
1