RSI divergence on $LINK is an important hidden signal that might severely affect assets' performance
One of the strongest reversal signals in the technical analysis is the divergence between price and the Relative Strength Index. In the case of Link, we are seeing a bearish divergence at the local top, which is a strong sign of a potential reversal that will most likely lead to the continuation of a prolonged downtrend.The signal started forming after the successful breakthrough of the 50-day moving average.
However, LINK still managed to gain a solid amount of volume during its path upward, but it was not enough to move further up. According to open interest on Link, investors were not actively opening leveraged positions on LINK, hence, it has not fueled the current rally enough.
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