ðĨ LINK 2.5 Year Macro Uptrend: Massive Move Soon?
Since it's inception on Binance, LINK has been trading in a huge bullish channel. This bullish channel has brought the price all the way from 50 cents to $50, making LINK one of the top gainers from before the bull-run.
In case this macro uptrend will hold, we can expect a major shift in trend for LINK. LINK has been trading bearish since May 10th, so a shift in direction would be more than welcome for LINK holders.
Furthermore, the picture above indicates that the amount of long-trades on LINK (Bitfinex) are at an all-time high, further strenghtening the bullish narrative.
Assuming LINK will trade bullish from here on, we can expect a >$100 within the next year or so, making it a very decent long-term investment.
Happy trading!
In case this macro uptrend will hold, we can expect a major shift in trend for LINK. LINK has been trading bearish since May 10th, so a shift in direction would be more than welcome for LINK holders.
Furthermore, the picture above indicates that the amount of long-trades on LINK (Bitfinex) are at an all-time high, further strenghtening the bullish narrative.
Assuming LINK will trade bullish from here on, we can expect a >$100 within the next year or so, making it a very decent long-term investment.
Happy trading!
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