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Wolfy_

LINKBTC - bullish divergence and MA crossover coming up

Long
ChainLink / Bitcoin (BINANCE:LINKBTC)  
Wolfy_  
BINANCE:LINKBTC   ChainLink / Bitcoin
Chart Patterns Trend Analysis Technical Indicators Divergence Bullish Divergence Falling Wedge 200ma 314ma Relative Strength Index (RSI)
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chartpattern trendanalysis indicator divergence bullishdivergence fallingwedge 200ma 314ma relativestrengthindex
LINKBTC looks primed for a move - it's currently sitting right on the hourly 314 MA and 200 MA and it looks like the 200 MA will very soon cross over the 314 MA which is a bullish sign.
Currently right on the 0.618 fib-level and showing bullish divergence on the hourly RSI.
In case it fails to break out here rebuy on the trendline.
Keep an eye on the key level as a fail to move over it could indicate further price decline.
Consider a stop loss below 27000 or below the trendline.

If you want to play it safe wait for the RSI to break out of the downtrend and for LINK to move over the key level before you enter.
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