LINK on long term trendline
LINK is moving on long term trendline which proved to be strong in the past. Above $20 level, LINK should get more strength, opposite, below trendline, the price will turn bearish. It is trading from oversold position, which is good entry point for accumulation. RSI momentum indicator is rising and closing on 50 level, indicating bulls are gaining on strength. MACD is also picking up, although still in negative territory. Intraday chart is still choppy and I’m waiting for a breakout on which I will take long position.
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