LINK looks unstoppable after breaking the $5 resistance level. LINK/USD is up by more than 20% in the past 48 hours, hitting a new all-time high at $5.90. ChainLink has been clearly outperforming the market for the majority of its existence. Throughout 2020, the digital asset has seen astronomical gains from a low of $1.75 on January 1 to the current high at $5.9. After April 6, LINK has traded above the daily 26-EMA almost the entire time except for a brief period between May 11 and May 20. LINK/USD daily chart Obviously, because this is a new all-time high, there aren’t many resistance levels to the upside. The RSI is overextended and should act as resistance but the bullish momentum seems too strong right now. Other than that, buyers are facing the $6 psychological resistance level and aiming to hit $7 in the near future. LINK/USD 4-hour chart Zooming in, we can clearly see that LINK’s bull move was healthy with a huge initial move on July 6 followed by a brief consolidation period and the next leg up. 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 US Pres. Trump: Americans will get another stimulus check – Nexstar FX Street 3 years LINK looks unstoppable after breaking the $5 resistance level. LINK/USD is up by more than 20% in the past 48 hours, hitting a new all-time high at $5.90. ChainLink has been clearly outperforming the market for the majority of its existence. Throughout 2020, the digital asset has seen astronomical gains from a low of $1.75 on January 1 to the current high at $5.9. After April 6, LINK has traded above the daily 26-EMA almost the entire time except for a brief period between May 11 and May 20. LINK/USD daily chart Obviously, because this is a new all-time high,… 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.
