LINKUSD has broken the down trend on the DAILY and looks to repeat similar patterns in June and August, with a major difference being that it has also cleared the 50EMA as well as the beginning of a 13/48 EMA cross happening. I think a good ride to the next resistance area will take and a possibility of break through. I placed a LONG BUY for LINKUSD and placed the stop loss below the 50EMA as it has respected this since the 13/48 cross.
Here's my numbers:
Entry: $8.13
Take Profit: $8.55
Stop Loss: $7.72
Here's my numbers:
Entry: $8.13
Take Profit: $8.55
Stop Loss: $7.72
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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.