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Should you buy ChainLink after a huge breakout on the charts

ChainLink (LINK/USD) has finally given the breakout that investors have long-awaited. Link is looking very bullish for the coming weeks and months and a huge rally could be coming soon. Link was up over 5% on Monday and investors could still enter before it’s too late.

  • Link has been rejected by the $34 supply zone several times however on Monday Link has finally broken out from the zone.

  • A breakout from this zone could be huge as some high targets could be achieved in the coming weeks.

  • A bullish golden cross was also seen earlier this month which is confirming the bullish view on Link.

  • An entry can be taken once the breakout is confirmed above the zone at $35.

  • Link is a strong coin fundamentally thus it can be held for a longer-term as well and investors would also be taking a lower risk as the fundamental value is strong.

  • A target of $45 can be set, followed by $52, and even a new all-time may be possible in the long run.

  • A stop-loss can be kept at $29 as Link could fail the breakout like its previous attempts.

Conclusion

ChainLink is looking very bullish for the coming weeks and months, investors could take an entry above $35 and could hold it for a longer term as well due to its strong fundamentals. A target of $45 should be achieved soon, nevertheless, a stop loss should be maintained at $29.

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