Trading idea number C-019 | Chainlink (LINK) may rise to to 8.875 USD area.
The RSI is above its neutrality area at 50. MACD is positive and below its signal line. In addition, price is trading below its 20-period moving average but above its 50-period moving average and pivot point, where we expect a rebound to the R1 point at $9
📈 Long Entry at 7.50
💰 Take Profit at 8.875
💸 Stop Loss at 7.045
The RSI is above its neutrality area at 50. MACD is positive and below its signal line. In addition, price is trading below its 20-period moving average but above its 50-period moving average and pivot point, where we expect a rebound to the R1 point at $9
📈 Long Entry at 7.50
💰 Take Profit at 8.875
💸 Stop Loss at 7.045