LINKUSD: On the rise in the middle of this Channel.

LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left.

The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this Channel, every time LINK held and rebounded on the 0.786 Fibonacci leve, it reached at least the 0.236 Fibonacci level. This indicates a sizeable upside profit to be made still. We are long, targeting the 0.236 Fibonacci level (TP = 8.12500).

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