Today news
About the same in other media
While Chainlink prepares for recovery, long bets still not ideal. Here’s why
Reading now: 679
Chainlink has laid the ground for a recovery following an oversold RSI and a bullish crossover on the MACD. A move above the 4-hour 20-SMA and 38.2% Fibonacci level would open a route towards the $34-mark, provided bulls are able to successfully negotiate past certain swing highs at $30 and $31.5.
At the time of writing, LINK traded at $27.9, down by 1.8% over the last 24 hours.
Source: LINK/USD, TradingView
Chainlink attempted a revival after an up-channel breakdown triggered a 22% sell-off between 15-18 November. Although $26-support offered momentary relief, LINK needed to smash past its 20-SMA (red) and 38.2% Fibonacci level to rebuild its price.
The region between $30-$31.5 also posed some challenges since the 50-SMA (yellow) and 200-SMA
Read more on ambcrypto.comAbout this in other media
Is it really worth placing long bets on Cardano over the next 24-hours ambcrypto.com /2 years ago
'Way overdue for a correction': Long-time bull Jim Paulsen delivers a 10% to 15% pullback forecast cnbc.com /2 years ago
Should Ethereum investors really prepare for a ‘$6000’ December ambcrypto.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
