LINK up from here?

23 Feb

In some respects LINK looks like it is heading down from the top of the channel and there are a lot of predictions for a correction. Initially I thought so too but now I'm not so sure. BTC is holding well at the top of its channel and could be consolidating for another move up, but even if it holds its current level that would work for an increase in alts. LINK is at support, has bullish divergences on the RSI on the 4h, 1h and 15m charts, and shows buying spikes on all of those timeframes. There has also been significant whale accumulation at this level. I think the ETFs have really changed the market and it just doesn't make sense to me that we have a further big correction from here. There was a bearish divergence at the top but there are short term bearish divergences all the way up every major bull run. I think this may now go up again, after the halving maybe a bit more of a correction until October/November time.

Just an idea, not investment advice.