Cup and Handle: LINK displays a potential cup and handle formation in the daily chart.
Resistance Challenge: The uptrend is challenging the channel's resistance, hinting at a breakout.
Target Price: LINK aims for the $10 mark upon breakout.
Current Price: Trading at $7.732 with a 4% growth in the last 24 hours.
Bullish Sprouting: The daily candle forms a bullish sprouting, indicating strong momentum.
Golden Crossover: The 50 and 200-day EMAs are teasing a golden crossover.
DMI Indicator: ADX line remains high, reflecting strong momentum, but VI lines struggle to avoid a bearish crossover.
Rounding Reversal: The price action shows a rounding reversal pattern.
Optimistic Sentiment: Market sentiment is extremely optimistic for LINK.
200-Week EMA: A rally could reach the 200-week EMA at $9.065.
Potential to $12.75: A breakout could lead to a price as high as $12.75.
Bearish Risk: A breakdown from $5.85 could restart the bearish cycle, potentially reaching $5.66.
Resistance Challenge: The uptrend is challenging the channel's resistance, hinting at a breakout.
Target Price: LINK aims for the $10 mark upon breakout.
Current Price: Trading at $7.732 with a 4% growth in the last 24 hours.
Bullish Sprouting: The daily candle forms a bullish sprouting, indicating strong momentum.
Golden Crossover: The 50 and 200-day EMAs are teasing a golden crossover.
DMI Indicator: ADX line remains high, reflecting strong momentum, but VI lines struggle to avoid a bearish crossover.
Rounding Reversal: The price action shows a rounding reversal pattern.
Optimistic Sentiment: Market sentiment is extremely optimistic for LINK.
200-Week EMA: A rally could reach the 200-week EMA at $9.065.
Potential to $12.75: A breakout could lead to a price as high as $12.75.
Bearish Risk: A breakdown from $5.85 could restart the bearish cycle, potentially reaching $5.66.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.