lysergik

LINK might be ready to move into a bearish trend

Short
BINANCE:LINKUSDT   ChainLink / TetherUS
Moving averages are beginning to cross-over and flatten out on the 4h chart, DI indicator shows a lot of disagreement in the market and that either party can take control of the price, and finally, we have somewhat of a bearish descending triangle .

If the fear during the move is low enough, we could easily bounce off the 124 candle (orange) or the 200 candle (white) MA. If the fear is higher, we could be seeing the beginning of a long bearish trend that could last months.
Comment:
you can see a widening bearish mouth with rising ADX in my custom DI indicator on the 30-min chart, following a bearish red dot trend reversal indication which is derived from the Laguerre's RSI indicator.

This is a strongly bearish set of information.
Comment: oh, plus you can see resistance of the 15 candle MA in on the price chart for the 30-min interval as well; yet another bearish signal.

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