LINKBTC - bullish divergence and MA crossover coming up
LINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign.
Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI.
In case it fails to break out here rebuy on the trendline.
Keep an eye on the key level as a fail to move over it could indicate further price decline.
Consider a stop loss below 27000 or below the trendline.
If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.
Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI.
In case it fails to break out here rebuy on the trendline.
Keep an eye on the key level as a fail to move over it could indicate further price decline.
Consider a stop loss below 27000 or below the trendline.
If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.