The price of Chainlink (LINK), which has risen to a high of $7.80, is in an uptrend.
Dugoročna analiza cijene lančanika: bikovska
Although the price of the cryptocurrency broke through the moving average lines, it was stopped around the resistance area of $8.00. The market is overbought around the $8.00 resistance area. The fall was caused by the fact that buyers were not able to break through the resistance area. To the upside, LINK will be pushed above the current support above the $8.00 resistance area. However, the current selling pressure may extend beyond the moving average line or the low at $7.28.
Prikaz indikatora lančane veze
For the period 14, Chainlink’s Relative Strength Index is at 55, and now that it has reached the uptrend zone, the altcoin may continue to gain. However, the fact that the price bars are above the moving average lines suggests that prices will continue to rise. LINK is below the 20 level of the daily stochastic on the 4-hour chart. This indicates that the oversold zone of the market has been reached.
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Koji je sljedeći potez za Chainlink?
The selling pressure on Chainlink has reached bearish fatigue. The price of the cryptocurrency is between the moving average lines on the 4-hour chart. Chainlink is expected to move sideways between the moving average lines. Currently, the altcoin is falling to a low of $7.28 before it starts to move sideways again.
Odricanje od odgovornosti. Ova analiza i prognoza su lično mišljenje autora i nisu preporuka za kupovinu ili prodaju kriptovalute i ne treba ih posmatrati kao podršku Coin Idola. Čitaoci bi trebali sami istražiti prije ulaganja u fondove.
Source: https://coinidol.com/chainlink-sideways-again/