LINK has been in a strong uptrend for years. However, since the last move it has broken through the uptrend and is trading in bear-territory.
For LINK to regain the weekly uptrend, we need to overcome two major hurdles.
1) The first resistance that LINK encounters is the upper resistance of the . In case of a break out, a bull-flag has been formed.
2) The second major resistance is the dynamic which LINK has been following for a couple of years.
Before both resistances have been recaptured I would not necessarily be looking for long-term investments.