LINKUSD 4HR Turning Point
LINKUSD broke below middle channel support and below RSI support in the last 24 hours. We saw major volume on the sell side.
LINK is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is currently printing a reversal candle.
We will know by lunch today if we see bearish continuation, or what I think will happen is a reversal.
LINK is now at a great support zone being at the bottom of the channel which also coincides with the lower Bollinger band. RSI also shows signs of reversal. I looked at the Heikin Ashi chart which also already shows RSI reversal and is currently printing a reversal candle. We will know by lunch today if we see bearish continuation, or what I think will happen is a reversal.
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