LINK Buy Levels - bottom in? What do you think? Is LINK reaching the lows? Buy levels around 10 EUR or even below, depending on where we set the bottom for the FIBs. We have broken throught the 78.6 if I use the local low, however if I use the bottom bear market 2022 low we are not there yet. A bit more downtrend is possible.
Bullish thoughtslooking up on weekly timeframe, there seems to be a bullish rsi divergence.
If we break out the trendline to the upside, I will look for conformations to fill the fairvalue gap above.
Fundemantally we are not clear yet so i will still hold as a second possibility to the downside. Sellers however see
market conditions vs. RSI breakoutI've been waiting for this rsi breakout since May, but knowing a bit more now, I feel like this might be another fake pump. The utility fundementals are still there but market conditions are as we all know, not optimal. Would love to hear another view (or even the same view)
LINKEUR Elliott wave 5 correctionElliot doesn't give us when or how much, but we know which way its movement is going.
¨°o.O - taking into account that wave 5 has to stay below wave 3 it can be predicted that there is a probability that the price will go to 1 digit at the end of this wave 5.
¨°o.O - taking into account that after
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.