Chainlink prices surged on July 20 more than 20% and went into correction on Friday still inside the upside channel that was formed on July 17. LNKUSD is seen gaining momentum since July 10. Trading volumes are rising too, so it might be a good chance for the altcoin to continue to the upside.

It might be interesting to open long positions from 7.8620-7.9420 with a target at 9.2000, the resistance of the upside channel. The stop-loss would be better to be placed around 7.5570.