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LINKBULLUSD trade ideas

LINK: $9 might be a target?Positive moves for LINK continued for a second week in a row. Generally increased market optimism has pushed the price above the $7 resistance line, while as of the end of the week, the coin managed to reach the next resistance at $8. If buying orders continue to prevail on the market, it might be expected that a long term resistance line at $9 might easily be the next target for LINK. During the week the RSI made a move from the level of 43 up to 58, which is indication that the market is setting the path toward the overbought side. At the same time, moving averages of 50 and 200 days continue to converge toward each other. There is still some space between two lines, in which sense, the golden cross is postponed. Current charts are pointing to the potential that the price of LINK might head toward the $9 resistance line, in case that current resistance at $8 is clearly broken. However, this move needs to find support in the high level of buying orders, which will depend on general market sentiment during the following week. On the opposite side, there is a high probability for the coin to shortly revert to the down side in order to test the $7 support line for one more time.
COINBASE:LINKUSD
by XBTFX
$LINK | Short Ride UpLINKUSD 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
COINBASE:LINKUSDLong
by CryptoHotep
LINK USD WEEKLY OUT LOOKLINK still looks absolutely amazing on the weekly time frame. Not much to do analysis on honestly. Still looks and seems extremely bottomed out. Still targeting 28.86(285% gains) and 38.22(412% gains). These are the times to dollar cost average into low risk and INSANELY high reward set ups. I absolutely love this set up with a wide stop loss at 4.96 Trade safe and remain patient when trading based off analysis on the weekly time frame. What’s everyone think?
COINBASE:LINKUSDLong
by crytobullmike
1
LINK: still looking at higher grounds?Overall, the previous week was positive for LINK as the price was moving exactly as it was expected based on technical analysis, which means that there is a solid diversification among investors in LINK. Daily trading volumes were modestly decreased compared to the previous week, which indicates that there could not be some significant price moves. LINK started the week above the support line at $6.0 and moved the price up to the level of resistance line at $7.0. Highest level reached was $7.2 as part of a resistance line testing. Since there was no strength to break this line, which is the impact of low trading volumes, LINK is ending the week at level around $6.8. RSI moved from 39 up to 45, but the indicator was slowing down as of the weekend. This might be an indication that the market still is not finished with the oversold side. Moving averages of 50 and 200 days continue to move as two parallel lines, without an indication that the convergence is in store in the coming period. Considering that there are no significant fundamentals around LINK at this moment, it could be expected that the general market sentiment will play an important role for determination of the price of the coin in the week ahead. In this sense, it might be expected that the LINK will take another round between $6.0 and $7.0 support and resistance lines. At this moment, it is perfectly fine, because if the support line at $6.0 resists selling orders for one more time, it will open a path for LINK to move to the higher grounds in the future period.
COINBASE:LINKUSD
by XBTFX