Chainlink extends the bullish leg above $5.55; bulls fixated on breaking above $6.00 in the near term. LINK/USD is in the hands of the bulls as seen with the RSI and the MACD’s upward movements. Chainlink is leading the recovery in the market despite the generally red picture. The price has been on an upward roll since the crash in March. However, LINK/USD has also been facing its fair share of hurdles. For instance, there was a real struggle at $3.00, $4.00 as well as $4.50. The recent breakout above the rising wedge pattern pulled the price above $5.00 and $5.50 respectively. Although the prevailing picture is bullish, LINK has slowed down the momentum towards $6.00. Meanwhile, the price is trading at $5.52 after a whopping 13% rise in the last 24 hours. The daily chart shows the 50 SMA is increasing the gap above 100 SMA. For this reason, buyers are confident that they will soon push above $6.00 and renew the journey towards $10.00. From a technical perspective, LINK/USD is in the hands of the bulls. The RSI supports the bullish action with its cross into the overbought region. At the same time, buyers are encouraged to increase their entries due to the MACD’s upward motion in the positive zone. For now, establishing support at $5.50 is the bulls’ priority while trading above $6.00 is their near term goal. LINK/USD daily chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next GBP/USD targets the 200-DMA at 1.2688 – Commerzbank FX Street 3 years Chainlink extends the bullish leg above $5.55; bulls fixated on breaking above $6.00 in the near term. LINK/USD is in the hands of the bulls as seen with the RSI and the MACD’s upward movements. Chainlink is leading the recovery in the market despite the generally red picture. The price has been on an upward roll since the crash in March. However, LINK/USD has also been facing its fair share of hurdles. For instance, there was a real struggle at $3.00, $4.00 as well as $4.50. The recent breakout above the rising wedge pattern pulled the price above $5.00 and… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
