Chainlink: Partial Decline With Hidden Bullish Divergence
Link several weeks back bearishly reversed at the top of the local range which lined up with the PCZ of a Bearish Bat and the target i had set for it was the 50-61.8% Retracement because there was a higher probability that Chainlink would reverse Bullishly there to begin to attempt a Partial-Decline.
We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start.
However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
We've since begun to reverse at that level and are showing Hidden Bullish Divergence on both the MACD and RSI. One would be lead to believe that this is the start.
However as of right now it's unconfirmed until it touches the top of the range again; But we have enough info here to try to front-run the test of the range top and get a better entry today.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.