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.