We are looking at the one day graph of link/usd ..
We can see a MACD Cross whereby the fast line has crossed the slow line, which is indicating a shift in momentum. Bullish in this case.
Furthermore, we can see a bullish engulfing candlestick candle on 29-03-2021. The previous bullish engulfing pattern dates from 01-01-2021, which resulted in a rally of nearly 2 months.
Beside the previous, we can also see a double bottom which indicates a change in trend and a momentum reversal from prior leading price action. Bullish in this case.
In our previous analysis about Chainlink (1 hour graph), we spotted a cup and handle which also is a bullish signal.
However, yesterday I got me some new pair of shoes. Now I noticed that a lot of people are wearing the same shoes. Or was it the other way around?
This is not financial advice, I am not a financial advisor.