TA gets interesting when independent signals line up.
Look at $LINK.
The B decline hit an almost perfect 100% Fib relationship with A, and the low formed regular bullish RSI divergence at the same time. Two completely different tools pointing to the same potential turn — and price responded hard.
Now it gets less clear. RSI is overbought, so despite the strong bounce I need more structure before calling this the start of something bigger or just a corrective rally.
Confluence spots probability. Price action confirms it.
Look at $LINK.
The B decline hit an almost perfect 100% Fib relationship with A, and the low formed regular bullish RSI divergence at the same time. Two completely different tools pointing to the same potential turn — and price responded hard.
Now it gets less clear. RSI is overbought, so despite the strong bounce I need more structure before calling this the start of something bigger or just a corrective rally.
Confluence spots probability. Price action confirms it.