LINK/BTC Currently on the upward channel. had a quite good run up before coinbase and announcment of partnership with google and now it's goes down after reaching the golden ratio fibonacci (Fibonacci Sequence x 1.618)..
Also Indicators looks bullish.. not a clear sign of bearish reversal for now rather than a pull back for now.
Indicators :
DMI : still in bullish trend although +DI (buyer power) is decreasing for now. interestingly -DI (seller power) is not trying to catching up with +DI. ADX (momentum strength) is still strong for current trend.
MACD : made a higher high in buyer histogram and macd line is still goes parabolic on bullish area.
RSI : made a lower high and it's already on oversold area.. i expect a pullback before it's continue this bullish trend if it can continue in the future.
Also Indicators looks bullish.. not a clear sign of bearish reversal for now rather than a pull back for now.
Indicators :
DMI : still in bullish trend although +DI (buyer power) is decreasing for now. interestingly -DI (seller power) is not trying to catching up with +DI. ADX (momentum strength) is still strong for current trend.
MACD : made a higher high in buyer histogram and macd line is still goes parabolic on bullish area.
RSI : made a lower high and it's already on oversold area.. i expect a pullback before it's continue this bullish trend if it can continue in the future.