The price of Chainlink (LINK) is in a downward correction as the altcoin faces another rejection at the 21-day line SMA. Since August 28, the price of LINK has been in an upward correction. The upward movement was terminated at the 21-day moving average line.
If buyers keep the price above the moving average lines, the altcoin will rise to the high of $9.50. Conversely, Chainlink will fall to the previous low of $6.20. However, if the bears break below the current support, the market will continue to fall to $5.70 or $5.40. In the meantime, Chainlink is trading at $6.85 at the time of writing.
Grandinėlės indikatoriaus rodmenys
Chainlink is at level 44 on the Relative Strength Index for period 14. LINK is in a downtrend as it faces another rejection at the moving average lines. The price bars are below the moving average, indicating a further decline. The altcoin is below the 40% area of the daily stochastic. This indicates that the market is in a bearish momentum.
techniniai rodikliai
Pagrindinės atsparumo zonos: 10 USD, 12 USD, 14 USD
Pagrindinės palaikymo zonos: 9 USD, 7 USD, 5 USD
Koks kitas „Chainlink“ žingsnis?
Chainlink is likely to see another decline as it faces rejection at the moving average lines. On the weekly chart, a candlestick tested the 78.6% Fibonacci retracement level on March 28. The retracement suggests that LINK will fall to the Fibonacci extension level of $1.272 or to $7.29.
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Source: https://coinidol.com/chainlink-faces-7-23-high/