Link chart looking pretty bullish. Usually when the goldencross occurs with price action so high above the Moving averages like it did here the reaction is a dump but we can see how the thinner 20 day moving average is currently hoisting price action up and helping it to craw out of the bull flag its been consolidating in. We have been decently above link’s double bottom neckline for some time now too increasing the odds and probability that it is about to validate the double bottom breakout as well. As long as the 20ma holds support and continues pushing priceaction up out of the bull flag. The double bottom breakout should be validated and Link will likely have the $14.40 breakout target awaiting it in the near future. *not financial advice*
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
