LINKUSD is coiling up since July 2020. Roughly half an year now and the volume has not been so bad since its ATH.
On the daily, RSI is mid way and balanced at around 44 and the histogram is about to flip to the positive side.
It appears that it is ready to make the stronger move towards upside.
I would expect it to break $ 15 by mid Jan and move upwards towards around $25 to $28.
It appears that we now have a good entry point at around $11 - $12.
DOTUSD broke its all time high yesterday was in a similar situation.
Considering that it is only BTC that is moving up for so long now with only few alts keeping up would say some of that money and profits will certainly move towards alts especially the ones that are not paid attention on. LINK is one such crypto that hasn't made anything major to grab the headlines and possibly the time soon.
Also, given that LINK sprung into the top 10 spot in a BTC bear market, it would not be surprising now when BTCUSD is cooling off.
Good luck, Happy trading.
And one more thing ,this analysis is just my opinion on the market considering the technical hints provided by the market movement and not to be considered as any form of investment advice.
Thank you.
On the daily, RSI is mid way and balanced at around 44 and the histogram is about to flip to the positive side.
It appears that it is ready to make the stronger move towards upside.
I would expect it to break $ 15 by mid Jan and move upwards towards around $25 to $28.
It appears that we now have a good entry point at around $11 - $12.
DOTUSD broke its all time high yesterday was in a similar situation.
Considering that it is only BTC that is moving up for so long now with only few alts keeping up would say some of that money and profits will certainly move towards alts especially the ones that are not paid attention on. LINK is one such crypto that hasn't made anything major to grab the headlines and possibly the time soon.
Also, given that LINK sprung into the top 10 spot in a BTC bear market, it would not be surprising now when BTCUSD is cooling off.
Good luck, Happy trading.
And one more thing ,this analysis is just my opinion on the market considering the technical hints provided by the market movement and not to be considered as any form of investment advice.
Thank you.
Comment:
The price reached $15 sooner than I expected.
Comment:
On track to the target price($25- $28). Look out for volume around $28.
Comment:
Target achieved is a FUD? I am fearful.
Comment:
Upward movement still remains intact.
