LINKUSDT Conditions to Begin Significant Move Up
LINK is showing similar price action as BTC, where it has not quite bounce back up to the 50s region yet.
For LINK to start a significant move up, the Red RSI line is the 12h timeframe needs to first turn up and cross above the 50 level together with the Blue LSMA.
The Green Line will also need to turn up and eventually get above the White Energy to indicate upward pressure.
It would be best if in the 2d timeframe, the Green Line continues increasing and makes contact with the Red RSI in the next 2d candle (and closes like that) to further confirm upward pressure.
For the LINKBTC pair, it is still looking bullish currently in the long term timeframes. In the 6d timeframe, the Green Line is already above the White Energy, indicating upward pressure. In the 9d timeframe, the Red RSI is currently above the 56 level and still going up strongly. The White Energy has exhausted and starting to show signs of turning down but the Green Line has not turned down yet, I would expect the Green Line to get above the White Energy soon in the 9d timeframe.
Overall, LINK should continue to move up against BTC at least until June, when the White Energy falls below the 50 level in the long term timeframes, then we should see a correction for the LINKBTC pair.
For LINK to start a significant move up, the Red RSI line is the 12h timeframe needs to first turn up and cross above the 50 level together with the Blue LSMA.
The Green Line will also need to turn up and eventually get above the White Energy to indicate upward pressure.
It would be best if in the 2d timeframe, the Green Line continues increasing and makes contact with the Red RSI in the next 2d candle (and closes like that) to further confirm upward pressure.
For the LINKBTC pair, it is still looking bullish currently in the long term timeframes. In the 6d timeframe, the Green Line is already above the White Energy, indicating upward pressure. In the 9d timeframe, the Red RSI is currently above the 56 level and still going up strongly. The White Energy has exhausted and starting to show signs of turning down but the Green Line has not turned down yet, I would expect the Green Line to get above the White Energy soon in the 9d timeframe.
Overall, LINK should continue to move up against BTC at least until June, when the White Energy falls below the 50 level in the long term timeframes, then we should see a correction for the LINKBTC pair.
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