Fundamental Reason
Last days [symbol = "COINBASE: BTCUSD"] COINBASE: BTCUSD [/ symbol] stated process of diversification towards ETH and XRP.
We can easily see that diversification from BTC Dominance to
ETH.D and XRP Dominance which are pumping in the last few days.
Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them.
Technical Reason
At the moment
LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95).
Supports - $ 1.50, $ 1.45
Resistances - $ 1.95, $ 2.05
Good Luck!
Last days [symbol = "COINBASE: BTCUSD"] COINBASE: BTCUSD [/ symbol] stated process of diversification towards ETH and XRP.
We can easily see that diversification from BTC Dominance to
ETH.D and XRP Dominance which are pumping in the last few days. Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them.
Technical Reason
At the moment
LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95).Supports - $ 1.50, $ 1.45
Resistances - $ 1.95, $ 2.05
Good Luck!
Dagangan ditutup: sasaran tercapai
Target was reached!Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.