LINKUSD 4HR Update
LINK'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
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
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