Top or More Gains Ahead? Three Things to Watch This Week (Chainlink Price Analysis)
LINK took the bulls to task as it broke out of a three-month range.
Key Support levels: $18
Key Resistance levels: $23
1. Big Bang
After a prolonged consolidation, LINK finally broke above $17.6, which turned into important support. With a higher and clear bullish momentum, this cryptocurrency looks set to target the next target of $23.
Chart by TradingView
2. Buyers Rule
During the breakout, volume exploded and momentum indicators began to rise along with it. Sellers seem to have disappeared from the chart and are nowhere to be seen during this recent rally.
Chart by TradingView
3. Taurus Cross Confirmed
The three-day MACD showed an uptrend. This marks a significant change in price action and suggests that this rally may be just getting started.
Chart by TradingView
Prejudice
LINK’s trend is upward.
Short Term Forecast for LINK Price
New highs appear to be the most likely path for LINK while the bulls are at work, but it is important to see how sellers react if the price reaches $23.
SPECIAL OFFER (Sponsored)
Binance $100 Free (Exclusive): Use this link to sign up and get $100 free and 10% discounted fee on binance Futures for your first month (conditions).
Disclaimer: The information contained on CryptoPotato belongs to the authors quoted. They do not represent CryptoPotato’s views on buying, selling or holding any investment. It is recommended that you do your own research before making any investment decisions. You use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency charts from TradingView.
#Top #Gains #Ahead #Watch #Week #chainlink #Price #Analysis
