LINK RSI Divergence, End of Uptrend?

16 Tem 2020

In the midst of BTC sideways (9300-9000), LINK has shown great performance and reaches a new high. On the 4H chart, I discover a divergence between LINK price and RSI, and I think there is a possibility of an H&S forming.

Hence I am thinking of taking a short with a setup of E:8.22 SL:9.079 TP:7.1

Support my Ideas by giving it a Like and shown your interest for more free signals in the comment section.

16 Tem 2020

Not

The volume is diverging too and by book, H&S will be playout with the decrease of volume as the H&S forming.

17 Tem 2020

Not

LINK uptrend seems to come to consolidation, the 8.275is area serve as the support, let's wait for strong bearish candle to close below it before taking short.

18 Tem 2020

Not

The drop has started

19 Tem 2020

Not

We have broken the previous support 8.4, it is the time to break 7.8.

20 Tem 2020

Not

As long as Chain doest regain it strength, 6,8 is possibke

21 Tem 2020

Not

Another drop

21 Tem 2020

Not

I could see LINK would testing 7.0 soon

21 Tem 2020

Not

We are on the 2nd last support of ChainLink from the last upward movement. And from the RSI we could see a pullback has occurred, the possibility for RSI to rise, for those who want to BUY now is the chance. The current drop in price is needed ChainLink has gone to far and needed to be corrected.

For those following this signal from the beginning (8.2is area or higher) Remember to Take Profit, dont let your greed control you.

21 Tem 2020

İşlem elle kapatılmış

I am sitting out of this trade now.

22 Tem 2020

Not

If RSI could hold its position, I will post a Long Setup ASAP

22 Tem 2020

Not

I think the price will go Sideways, so don't worry we won't miss the next bull run

22 Tem 2020

Not

LINK cloud be ranging between 7.6 and 7.1 STAY ALERT