LINK RSI Divergence, End of Uptrend?

16. Juli 2020

In the midst of BTC sideways (9300-9000), LINK has shown great performance and reaches a new high. On the 4H chart, I discover a divergence between LINK price and RSI, and I think there is a possibility of an H&S forming.

Hence I am thinking of taking a short with a setup of E:8.22 SL:9.079 TP:7.1

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16. Juli 2020

Anmerkung

The volume is diverging too and by book, H&S will be playout with the decrease of volume as the H&S forming.

17. Juli 2020

Anmerkung

LINK uptrend seems to come to consolidation, the 8.275is area serve as the support, let's wait for strong bearish candle to close below it before taking short.

18. Juli 2020

Anmerkung

The drop has started

19. Juli 2020

Anmerkung

We have broken the previous support 8.4, it is the time to break 7.8.

20. Juli 2020

Anmerkung

As long as Chain doest regain it strength, 6,8 is possibke

21. Juli 2020

Anmerkung

Another drop

21. Juli 2020

Anmerkung

I could see LINK would testing 7.0 soon

21. Juli 2020

Anmerkung

We are on the 2nd last support of ChainLink from the last upward movement. And from the RSI we could see a pullback has occurred, the possibility for RSI to rise, for those who want to BUY now is the chance. The current drop in price is needed ChainLink has gone to far and needed to be corrected.

For those following this signal from the beginning (8.2is area or higher) Remember to Take Profit, dont let your greed control you.

21. Juli 2020

Trade wurde manuell geschlossen

I am sitting out of this trade now.

22. Juli 2020

Anmerkung

If RSI could hold its position, I will post a Long Setup ASAP

22. Juli 2020

Anmerkung

I think the price will go Sideways, so don't worry we won't miss the next bull run

22. Juli 2020

Anmerkung

LINK cloud be ranging between 7.6 and 7.1 STAY ALERT