Good Morning, As you can see on this weekly chart the price for Link/USD (Coinbase) made a higher low at 15.001 and the RSI made a lower low at 44.1 - I have only seen this divergence on Coinbase. This divergence alone will not confirm a reversal and the current price action seems to indicate more downside is likely. We can further see the weekly chart forming a descending triangle pattern which would indicate more downside. If we lose $15 single-digit link is a possibility. We have hope for a bounce at $12. I predict a bloody weekend. I remain bullish on link mid to long term. Let me know your thoughts.
MACD is about to flip on 3 day, which in the past has indicated +ve price action for LINK med to long term. I don't think we will have a particularly bloody weekend, but there could be some blood.
eraj69
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@StankySanky thanks for the input I can see the 3D macd but I think we’re still some time away from a full flip I think mid July to August will be better. It’s a good sign we bounced at 17.9 tho