LINKUSDT Trend Reversal In Progress
In the 90min and 3h timeframes, the Green Line is above the White Energy, indicating upward pressure.
However, in the 90min, the Green Line is slowly falling with the Red RSI. If the Green Line crosses and closes below the 50 level, there is a CHANCE for the price to fall to the Bollinger Band basis (currently at 28USDT).
In the 3h, the Green Line could also potentially turn down soon. If it turns down and crosses the Red RSI, with the White Energy crossing below the 50 level, there should be a short term pullback, with the White UPPER Bollinger Band acting as support.
Therefore, there is also a chance for the price to retest the 28USDT region before continuing up (short term).
In the 6h, the Green Line is also above the White Energy, indicating upward pressure.
In the 12h, It is also looking like the Green Line will cross above the White Energy as the White Energy exhausts and turn down in the next 2 or 3 12h candles.
In the 2d and 3d timeframe, the Green Line is currently turning up and potentially crossing the Red RSI line. If the 2d and 3d candle closes with the Green Line crossing the Red RSI line while pointing up, and the White Energy crosses above the 50 level, this is bullish.
There is a high chance that we have already hit the bottom of 20.8 USDT (on 23rd Feb) and reversal of price action has taken place.
However, in the 90min, the Green Line is slowly falling with the Red RSI. If the Green Line crosses and closes below the 50 level, there is a CHANCE for the price to fall to the Bollinger Band basis (currently at 28USDT).
In the 3h, the Green Line could also potentially turn down soon. If it turns down and crosses the Red RSI, with the White Energy crossing below the 50 level, there should be a short term pullback, with the White UPPER Bollinger Band acting as support.
Therefore, there is also a chance for the price to retest the 28USDT region before continuing up (short term).
In the 6h, the Green Line is also above the White Energy, indicating upward pressure.
In the 12h, It is also looking like the Green Line will cross above the White Energy as the White Energy exhausts and turn down in the next 2 or 3 12h candles.
In the 2d and 3d timeframe, the Green Line is currently turning up and potentially crossing the Red RSI line. If the 2d and 3d candle closes with the Green Line crossing the Red RSI line while pointing up, and the White Energy crosses above the 50 level, this is bullish.
There is a high chance that we have already hit the bottom of 20.8 USDT (on 23rd Feb) and reversal of price action has taken place.
Note
The Fibonacci above shows the potential levels of short term support and resistances as the price continues to push upwards.
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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.
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.