要約

The price of Chainlink is in a downwardcorrection, while the altcoin continues its sidewaysmovement.Currently, the upward movement is limited by the21-day lineSMA.Today, the bulls failed to break the21-day line SMA while the altcoin continues its downward trend. The cryptocurrency is fluctuating between $5.30 and$7.50 pricelevels. On the otherhand, the bears failed to break the currentsupport, which is due to the longcandlesticks. The long candlestick tail indicates that the current support is a strong buyingpoint. Buyers are attracted to lower price levels. Chainlink indicator is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply anddemand. The cryptocurrency price bars are below the movingaverages, indicating a pricedecline. LINK is below the80% range of the dailystochastic. LINK is in a declining momentum. On the lower time frame, Chainlink is in a sidewaysmovement. Since May12, the downtrend has subsided as the altcoin is back in a sidewaysmovement. The cryptocurrency will regain its upside momentum when the price breaks above the movingaverages. Further selling below$5.30 is unlikely.

本文翻訳

The price of Chainlink (LINK) is in a downward correction, while the altcoin continues its sideways movement. Currently, the upward movement is limited by the 21-day line SMA. Today, the bulls failed to break the 21-day line SMA while the altcoin continues its downward trend. The cryptocurrency is fluctuating between $5.30 and $7.50 price levels. On the other hand, the bears failed to break the current support, which is due to the long candlesticks. The long candlestick tail indicates that the current support is a strong buying point. Buyers are attracted to lower price levels. Chainlink indicator reading Chainlink indicator is at level 49 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand. The cryptocurrency price bars are below the moving averages, indicating a price decline. LINK is below the 80% range of the daily stochastic. LINK is in a declining momentum. Technical indicators: Major Resistance Levels - $30 and $35 Major Support Levels - $10 and $5 What is the next move for Chainlink? On the lower time frame, Chainlink is in a sideways movement. Since May 12, the downtrend has subsided as the altcoin is back in a sideways movement. The cryptocurrency will regain its upside momentum when the price breaks above the moving averages. Further selling below $5.30 is unlikely. Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coin Idol. Readers should do their own research before investing funds.

引用リンク

出典：https://coinidol.com/chainlink-range-7-50/