Description
⋅ Hello guys,
as you can see in my post we have a falling wedge for LINK/BTC here.
There are currently 3 EMA's acting as resistance (EMA 50 = Yellow, EMA 100 = Blue, EMA 25 = green)
But EMA 200 & 300 (Orange and purple line) are acting well as support.
Most pumps have been at the 200 EMA support (I marked them as green bottoms) in the short past.
If we manage to break the 1. Fibonacci, we have a lot of space (gaps) until we hit the 1.618 Fib.
Also, RSI 14 is showing us that we are currently oversold in this region which gives us another confirmation for a potential trend reversal.
Exciting times,
TRADE SAFE MOON BOYS <3