LINKBTC
has run up over the past few days and if you happened to get in while it was in the $30 range then congratulations! But could LINK continue to go up, or should you take profits now? Currently, LINK is overbought on the daily chart and the last three times (indicated with the arrows) this happened LINK made a sharp move down. FOMOing into something that is up already so much is usually not a good idea.
On the plus side though, LINK has made a significant move over the Bull Market Support band, which is the 20 week SMA over the 21 week EMA. This, and the fact that the MACD crossed the signal line, are both good bullish indicators. Should LINK continue upwards my price target is around an increase of 35%.
Personally, I'm going to wait a couple of days for more bullish signs. If we trade sideways for a few days above the Support Band while no longer being overbought then I'll buy. I just hope I don't miss the boat because I believe at some point this year LINK will be over $100.
Not financial advice, DYOR, etc.