LINKUSDT Short Term Update
The 1d timeframe has actually already won the downward pressure race against the 2d timeframe 3 days ago. Currently, the Green Line is above the White Energy in all short term timeframes (90min, 3h, 6h and 12h), indicating upward pressure.
Since all the criteria have been met, we can conclude that LINKUSDT has begun its reversal to sustained upward pressure.
The Red RSI is also going up strong in the 1d timeframe. Once it closes above the 56 level, we will have a LOW chance of a significant drop until the White Energy crosses below the 50 level.
The next stronger resistance level will be the Purple Trendline or my 1.618 Fib level which is around 41USDT. There should not be much difficulty to reach this level within the next few days.
Since all the criteria have been met, we can conclude that LINKUSDT has begun its reversal to sustained upward pressure.
The Red RSI is also going up strong in the 1d timeframe. Once it closes above the 56 level, we will have a LOW chance of a significant drop until the White Energy crosses below the 50 level.
The next stronger resistance level will be the Purple Trendline or my 1.618 Fib level which is around 41USDT. There should not be much difficulty to reach this level within the next few days.
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