$LINK is up 16% this week, that's 3.6 points ahead of BTC over the same stretch, and it's still trading above yesterday's low.
the RSI sits at 62, right in that sweet spot before overbought kicks in, and the daily MACD histogram is still positive. volume the past 5 days is running 1.14x the prior 20, so this move actually has hands behind it. the setup screener scores it 7 out of 14, not a screaming buy but enough that the trend hasn't broken.
what's telling me this has legs is the room above: LINK is only 3.6% from its 10-day swing high at $13.29, and the floor right underneath it is close too. that's a tight coil, not a coin running out of gas.
$LINK is trading at $12.83 right now. if it holds $12.754, i think it grinds up toward that $13.29 swing high. if it loses $12.754, i'm wrong on this and anyone who bought the bounce is looking at a fresh leg down.
holding $12.754 or losing it?
follow me for more calls like this.
the RSI sits at 62, right in that sweet spot before overbought kicks in, and the daily MACD histogram is still positive. volume the past 5 days is running 1.14x the prior 20, so this move actually has hands behind it. the setup screener scores it 7 out of 14, not a screaming buy but enough that the trend hasn't broken.
what's telling me this has legs is the room above: LINK is only 3.6% from its 10-day swing high at $13.29, and the floor right underneath it is close too. that's a tight coil, not a coin running out of gas.
$LINK is trading at $12.83 right now. if it holds $12.754, i think it grinds up toward that $13.29 swing high. if it loses $12.754, i'm wrong on this and anyone who bought the bounce is looking at a fresh leg down.
holding $12.754 or losing it?
follow me for more calls like this.
