- November 13, 2019
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Buyers can be very pleased just by looking this chart of Chainlink. One of the most profitable coins lately being parabolic to Bitcoin.
As seen on the chart, when the RSI posts this bearish divergence with the price candles hitting Double Tops, the pair makes a top, pulls back and consolidates until the next run.
Each time the pull/ consolidation phase is smaller (the rate 0.60). Assuming this will hold, I am expecting a pull back to the 1D MA200 (orange line) before the next run. My Target is 0.00055.