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LINK

LINK: Sideways ChannelChainLink (LINK) technical analysis: Trade setup : Price broke back below $7 and 200-day moving average and appears to be trading in a Sideways Channel ($6-8). Swing traders could trade the channel: Enter near $6 support and exit near $8 resistance. Recent rally was driven by lanch of staking service. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $7.00, which it broke, then $6.00. The nearest Resistance Zone is $8.00, then $9.50 – $10.00.
Long
by altFINS
LINK - Technical review and analysisOn the weekly and daily time frame, we can still consider the range areas on the chart for the short and medium-term volatility of LINK. If the last weekly candle closes below the $7 range, the possibility of a further price decline will increase after the formation of the range zone. One powerful area for the positive reaction is the $5.75-$5.85 range, which could activate some dormant buy orders. Therefore, we can expect a positive reaction in this area as well.
by MonoCoinSignal
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