JacobR905

Link trying to hold support

COINBASE:LINKUSD   Chainlink
Right now Link is looking to hold the support its currently at, aswell as come back up into the ascending channel. If we can get a daily close above our support we are currently sitting at would give link the chance to climb back up into our ascending channel and ultimately higher in price, however, if we see a close below this support i can expect us to have a bit of a drop tomorrow again and possibly at most see that 12% drop. Going to be interesting as our stoch rsi is shooting straight down into the oversold zone. The ichimoku cloud has begun to really shrink and we could see it flip to bearish. EMA ribbons are going sideways as of right now but aren't showing any signs of twisting to bearish. Watch for the daily close as it can indicate a lot. Not financial advice just my opinion

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.