Link looks poised to start the next leg up on the weekly. My 3 favorite long term indicators (Courteousy of Nicholas Merten AKA Data Dash) are coming into alignment on one of the best performing assets in the crypto space. Price has been responding to upward trending support, SQZMOM is not dropping lower, but looks like it may have bottomed. Stochastic RSI is in positive territory, and the eagerly anticipated MACD Crossing is about to happen. Most notably BTC big $500 plunge on Oct 23 caused barely a ripple in closing prices, indicating strong hands. Link has strong use case and is partnering with powerful allies, making this IMHO, a great long-term investment. But do your own research. Search Chainlinks partnerships. Find out what service they provide. What do you think? Happy trading!
Comment:
On the daily we have SQZMOM dropping nicely now, STOCH RSI holding strong, MACD crossing. Price tested 20 EMA and moving up
Trade active:
Breaking through Resistance. Strong movement in a down market. It we can close here above this resistance that will be perfect.
Trade active:
Beautiful move.