looking 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 seem to be exhausted for now and negative news events dont have such...
I'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)
Can this really be true? I have a hard time believing that chainlaink would crash to these levels, but a head and shoulders pattern and an bearish RSI divergence give somewhat clear indications of such.
BB on weekly "short term" gives hope but just a little.
