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Chainlink is a decentralized blockchain oracle network built on Ethereum that facilitates smart contracts on blockchain platforms to securely connect with external data sources, APIs, and payment systems.
LINKUSD performed well in the past four days.
Any daily close above $18 confirms further bullishness.
LINKUSD gained more than 20% in the past four days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $16.05 and is currently trading around $15.70.
The bullish invalidation can happen if the pair closes below $12.50. On the lower side, the near-term support is $14.75. Any break below target $12.50/$9.34/$8. significant downtrend if it breaks $5.
The immediate resistance stands at around $16.60. Any breach above confirms bullish continuation. A jump to $18/$20 is possible. A surge past $20 will take it to $30.
It is good to buy on dips around $14 with SL around $10 for TP of $25..
