Chainlink (LINK) Price Bullish or Bearish? This Key Trading Indicator Provides Insight

Will Chainlink Reach New Yearly High?

The daily timeframe technical analysis shows that the LINK price has experienced significant volatility since April.

During this time, it has seen drops of 46% and 33% (red) and increases of 77% and 46%, respectively.

LINK has also fallen under a descending resistance trendline throughout this period. The trendline caused two rejections on July 20 and September 30, respectively (red icons).

The first rejection catalyzed a 33% decrease, while the second one only led to a slight retracement.

Go to Source to See Full Article
Author: Valdrin Tahiri

Did you like this?
Tip BTC Newswire with Cryptocurrency

Bitcoin
Bitcoin Cash
Ethereum
Litecoin
Monero
ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

[X] Click Here to Hide Donation Details

Bitcoin Rebounds as Selling Pressure Fades: Analyst Sees Further Upside

BeInCrypto

BTC-Newswire

BTC-Newswire