Hey traders, LINK / USDT is in a medium term bearish trend with buying volume returns on resistance breakouts.
But we have a bearish signal on the top of a rectangle (range) and then a bearish pull back on the SMA 19.
A strong collapse will take place failure of the short-term SMA growth validates the movement.
In addition to looking at the RSI then the chart we see a bearish divergence on the chart and a rise on the RSI.
Trend reversal can only be broken down at this level, the new short term uptrend will break again.
It is very plausible to return to the lower support area for another check we will see at this point the real dynamics of the future market.
A new refusal from the sellers will be able to start the yard again on the downside.
These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your points of view in the space dedicated in description.
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But we have a bearish signal on the top of a rectangle (range) and then a bearish pull back on the SMA 19.
A strong collapse will take place failure of the short-term SMA growth validates the movement.
In addition to looking at the RSI then the chart we see a bearish divergence on the chart and a rise on the RSI.
Trend reversal can only be broken down at this level, the new short term uptrend will break again.
It is very plausible to return to the lower support area for another check we will see at this point the real dynamics of the future market.
A new refusal from the sellers will be able to start the yard again on the downside.
These are not investment advice but usage recommendations.
Thank you for taking the time to read my analysis.
I hope you enjoyed it.
Comment your points of view in the space dedicated in description.
Please LIKE & FOLLOW, thank