Bearish Divergence on LINK 1H chart, may retrace
Hello Viewers.
LINK as we know has shown absolute bullish market for 3-4 days, however retracement may be possible as BEARISH Divergence appears on the RSi w.r.t Price action.
While Rsi holds 50 level, the entry is after the confirmation as it hits below 50 Level.
Possibilities are to hold 50 Fib Level, and then maybe bullish cycle starts after consolidating for a while.
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Cheers!
LINK as we know has shown absolute bullish market for 3-4 days, however retracement may be possible as BEARISH Divergence appears on the RSi w.r.t Price action.
While Rsi holds 50 level, the entry is after the confirmation as it hits below 50 Level.
Possibilities are to hold 50 Fib Level, and then maybe bullish cycle starts after consolidating for a while.
If you like my Analysis join YOU & I community by following us.
Cheers!