Search Inside Bitcoins

Chainlink Price is already in the hands of the bulls, Facing $9.4 Level

Join Our Telegram channel to stay up to date on breaking news coverage

Chainlink may continue to experience an upward trend

Chainlink Price Analysis – August 14

sellers are facing the $8.8 psychological support level and aiming to hit the potential support levels at $8.1, and $7.5. At the upper side of the chart, the Chainlink may face the resistance level at $9.4, $10.0, and $10.6 provided the support level at $8.8 hold.

.

LINK/USD Market

Key Levels:

Resistance levels: $9.4, $10.0, $10.6

Support levels: $8.8, $8.1, $7.5

NEO/USD Long-term Trend: Bullish

Since the beginning of August, Chainlink has been soaring higher every day. It has seen a large percentage of gains through its increase against the dollar. The coin found support at $6.0. A bullish candle pattern called “Bullish engulfing candle” emerged on August 05. The price started Ascending towards the resistance level at $9.4 but the price is observing pullback at the moment.

 

However, looking at the daily chart technically, LINK/USD is already in the hands of the bears as the technical indicator Relative Strength Index period 14 supports the bearish action with its signal line pointing downward at 64 levels which may be a pullback. Nevertheless, sellers are facing the $8.8 psychological support level and aiming to hit the potential support levels at $8.1, and $7.5. At the upper side of the chart, the coin may face the resistance level at $9.4, $10.0, and $10.6 provided the support level at $8.8 hold.

Tamadoge OKX

Buy Chainlink Now

 Your capital is at risk

 

NEO/USD Medium-term Trend: bullish

Consodering the LINK on the 4-hour chart, the price is bullish.  The decrease in price was rejected at the support level $6.0. The price was seen to be moving above the 9 periods EMA and 21 periods EMA as a sign of an increase in bullish momentum. Meanwhile, if the price breaks up the resistance level at $9.4, then, the market may continue to experience an upward trend.

Related

  • Robot
  • Rating
  • Features
  • Trade
1
 
The Best Choice
  • New cryptocurrency
  • $250 Min Deposit
  • Accepts credit cards
Invest responsibly.

Tamadoge - Play to Earn Meme Coin

Our Rating

Tamadoge logo
  • Earn TAMA in Battles With Doge Pets
  • Capped Supply of 2 Bn, Token Burn
  • Presale Raised $19 Million in Under Two Months
  • Upcoming ICO on OKX Exchange
Tamadoge logo

In case of Chainlink price could cross below the $8.8 level, the coin may likely move towards the support at $8.1. The indicator RSI periods 14 confirms that the market is moving down as a sign of sell signal.

 

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

X

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

Tamadoge - 'Play to Earn Dogecoin' With 10-50x Potential

X