LINK — Way To Go To Turn Bullish!

LINK has been one of the stronger tokens in recent days. In fact, it recovered quickly from its drop below the crucial $13 level. However, LINK is still far away from turning bullish.

One of the best indicators to show this is the Ichimoku system.

When adding the Ichimoku to the chart, you can discover three aspects that need to change to turn bullish.

1—Despite several attempts, LINK didn't manage to break out of the cloud. This would be the first and essential step in establishing bullish momentum.
2 - The future cloud shows an upcoming bearish continuation. Although the cloud is getting narrower, we are still away from a crossover.
3 - The Kijun line (red) is getting closer to a crossover. A situation LINK should avoid by all means.

To initiate a bullish trend, the breakout to the top of the cloud would be essential.

ben_walther

I'm Ben. Crypto lover, trader, and coder.

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