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Cryptopolitan 2021-08-16 03:58:53

Chainlink Price Analysis: LINK/USD aims to conqure $30 level

TL;DR Breakdown Today’s chainlink price analysis is bullish The coin is retracing towards the 61.8 FIBAs of this writing, Chainlink is trading at $27. Chainlink price analysis: General price overview Chainlink (LINK) relative strength index has been hovering within the neutral zone for the last 3 days indicating no considerable shift in momentum.  A long candlestick extended over the 1-hour chart above the 50-day simple moving average before the bears suppressed the uptrend into below the middle Bollinger band. The hope of breaking out of the neutral zone relies on the buyers’ ability to overcome the 200-day simple moving average.  During press time, the coin is retracing a downward correction towards the 61.8%  FIB retracement level at $26.00 The bulls are waiting for positive signals that will see the price of LINK rise above the current resistance at $25, this will welcome a corrective process towards last week’s close of $26.  This will give buyers more confidence to invest in Chainlink and drive the next rally towards $35.  Chainlink price movement in the last 24-hours LINK/USD pair opened the daily trading chart at $23.06 following a bearish correction from the upper Bollinger band. The bulls have not shown any significant momentum in reversing the downtrend but are trying their best to hold the price together and defend the $22 support. Meanwhile, the coin has been trading within a tight...

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