🔥Strong Signal🔥
✅LINK/USDT
Chainlink ($LINK) has been on a strong upward trend over the past few weeks, and it is currently trading at $13.21. This represents a significant increase from its all-time low of $6.1263.
Technical Analysis
Technical indicators suggest that LINK is currently in a bullish trend. The Moving Average Convergence Divergence (MACD) is above the signal line, and the Relative Strength Index (RSI) is above 70. These are both bullish indicators that suggest that LINK is likely to continue to move upwards in the short term.
Support and Resistance
The next support level for LINK is at $12.50. This is the level where LINK bounced off in late October. If LINK breaks below this level, it could fall to $10.00. The next resistance level for LINK is at $14.00. This is the level where LINK faced resistance in early November. If LINK breaks above this level, it could move to $16.00.
My entries: $13.10 - $13.20 (LONG)
Targets:
🎯1st TP - $13.30
🎯2nd TP - $13.50
🎯3rd TP - $13.70
🎯4th TP - $13.90
🎯5th TP - $14.10
🔴Stop loss: $12.90
The overall outlook for LINK is bullish. LINK has been on a strong upward trend, and technical indicators suggest that it is likely to continue to move upwards in the short term. However, there is always the risk of a pullback, so traders should be aware of the support and resistance levels.
Disclaimer
This is not financial advice. Please do your own research before making any investment decisions.
