Chainlink vs USD - Gravestone DOJI

Following a 10,000% (yes ten thousand) rise in only 604 days (Some folks would argue the Bull run for Link has not yet begun - oh dear); we now have the above 3-day chart showing significant reversal indications. They include:

1) The oversold indicators (Green columns) with following lower highs in RSI.

2) Gravestone DOJI candlestick recently printed as Stochastic RSI crosses down 80.

3) Falling volume.

4) Money Flow Index support (bottom oscillator) confirms resistance.

Targets?

1st $8.87

2nd $5

3rd $3

Can price action move higher? For sure. However the risk/reward is diabolical.

Is it probable price action can move higher? Very unlikely.

코멘트:

Thought this was interesting - regular bearish divergence on the monthly chart. Higher highs in price action with lower lows in Stochastic RSI.

코멘트:

RSI & MFI resistance (blue lines) until December 25th - Merry Christmas!

액티브 트레이드

코멘트:

$14.23 - the bulls have got to smash through this level and convincingly. Rejection from here will be an express elevator to the south pole.

액티브 트레이드:

Almost a month later and we're back to where we started - resistance is holding.

If it holds RSI resistance predicts price action shall remain in a downtrend until April.

액티브 트레이드:

1st target reached.

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