Chainlink (LINK) is still in a downward correction as the altcoin tries to break out above its moving averages. Today, the price of LINK faces rejection at the high of $26.
If buyers had broken above resistance at $26, the altcoin would have risen to $30. The rise to $30 will push the altcoin into the bullish trend zone. Moreover, the altcoin will then continue its upward movement. Nevertheless, Chainlink is facing resistance at its recent high. The uptrend will continue if buyers overcome the current resistance. Otherwise, the range between $21 and $26 will continue for a few more days.
Citirea indicatorului lanțului
The cryptocurrency is at the 50 level of the Relative Strength Index of period 14, indicating that there is a balance between supply and demand. Chainlink will resume its upward movement when the price rises above the 21-day line SMA and the 50-day line SMA. The altcoin is above the 65% range of the daily stochastic. The altcoin is in a bullish momentum.
Tehnice de indicatori:
Niveluri majore de rezistență - 55 USD și 60 USD
Niveluri majore de asistență - 20 USD și 15 USD
Care este următoarea mișcare pentru Chainlink?
LINK/USD is in a downward correction. Today, buyers are trying to break through resistance at $26. If they succeed, it would be a sign of resumption of the uptrend. However, if the altcoin falls back and breaks below the current support, the market will retrace and retest the 2.0 Fibonacci extension or the $12.27 level.
Declinare de responsabilitate. Această analiză și prognoză sunt opiniile personale ale autorului și nu sunt o recomandare pentru cumpărarea sau vânzarea de criptomonede și nu ar trebui privite ca o aprobare de către Coin Idol. Cititorii ar trebui să își facă propriile cercetări înainte de a investi fonduri.
