CHAINLINK LINK USD Bearish Fractal Drop
Updated
Two possible fractals with strong resemblance in oscilation and geometric patterns might foresee an upcoming drop. The drop may happen among stocks, cryptos and tokens that have been in the rise for the last months. It is a normal retracement but considering LINK's historic volatility it should be a drop of about 66%.
1W RSI extremely oversold with reminiscense of the top in July 2019.
1W MACD at it's ATH after 20/21 bullish closing weeks since April 16th.
1W STOCH RSI signals an upcoming drop in the following days, reminiscent of the one in July 2019.
Bottom at $5.0.
1W RSI extremely oversold with reminiscense of the top in July 2019.
1W MACD at it's ATH after 20/21 bullish closing weeks since April 16th.
1W STOCH RSI signals an upcoming drop in the following days, reminiscent of the one in July 2019.
Bottom at $5.0.
Note
I think the dump is over. Shouldn't be heading any lower anymore.
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