Chainlink: MA Break Ends 4-Year Downtrend

Chainlink breaks above moving averages on the higher timeframe with massive bullish divergences, a move that could finally close the 4-year downtrend.

At $9.44 the 4-hour chart shows price holding above EMA50 support at $8.84 and EMA200 at $8.38 while MACD prints a golden cross at 0.22; RSI at 65.04 remains neutral, leaving room for continuation toward the upper Bollinger band at $9.75 before any retracement to the $8.84 level.