LINK on the 4hr chart, has shown nice triangle formations leading to breakouts during its continuing uptrend. We also have the 50MA / 200MA crossover back on 4-9-20, the 50MA crossing to the upside as an upward 'guide line' for this strong uptrend.
On the RSI, (currently at about 57.2 which is great to see, plenty of upside room) we also have a well defined triangle that has formed over the full length of the uptrend. I've heard this RSI triangle could mean hidden bearish divergence, but during a strong uptrend, it will be ignored and invalidated.
My gut feeling is we continue on the uptrend with another triangle break out upward to about 4.15 or higher.
Let's see what happens, I feel stronger on the uptrend for sure than a downtrend. Unless BTC starts to change direction, (which also seems poised to hit 8000 next), LINK, XTZ, ETH and other Alts should also keep going up as well.
On the RSI, (currently at about 57.2 which is great to see, plenty of upside room) we also have a well defined triangle that has formed over the full length of the uptrend. I've heard this RSI triangle could mean hidden bearish divergence, but during a strong uptrend, it will be ignored and invalidated.
My gut feeling is we continue on the uptrend with another triangle break out upward to about 4.15 or higher.
Let's see what happens, I feel stronger on the uptrend for sure than a downtrend. Unless BTC starts to change direction, (which also seems poised to hit 8000 next), LINK, XTZ, ETH and other Alts should also keep going up as well.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。