Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: EAA-ALLAH on June 04, 2021, 11:49:46 PM
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Chainlink’s ascension was stalled at the $32.5-resistance level as sellers re-emerged in the market. On the 4-hour timeframe, a few candlesticks broke below the $29-support and headed close to the next defensive line around $24. Maintaining losses at $24 could result in some sideways action and a breakout can be expected once again when the broader market reverses direction. However, gains would likely be limited to the upper ceiling at $35.3.
A bearish crossover in the MACD showed that bears were back in control after the last few days of bullish trading. Even the RSI fell sharply and moved below 40.
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Maybe things will also change over time but I'm not sure that Chainlink will continue to dump to the lowest price, like 1 USD.
And maybe when Bearish happens, everything will feel more difficult to have because all prices go down and our assets in the wallet are minus, even turning red.
My question, do you know the prediction of when the Bearish will occur ?
So that I can take profit from Chainlink coins.
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June 06 price analysis....
Awesome Oscillator– a measure of momentum in the market- was below the half-line for a period of 15 days in May. Even though bulls have attempted a recovery, LINK’s move from $15-35 lacked conviction to trend higher. Considering its top sloping trendline, LINK would be denied above $30 and focus would be on $24-support. Conversely, a rise above this upper ceiling could see gains up to $35. Lower highs on RSI confirmed with LINK’s price action and reflected backed a bearish outcome.source (https://ambcrypto.com/cardano-chainlink-filecoin-price-analysis-06-june/)
(https://i.imgur.com/jGTUXrd.png)
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June 06 price analysis....
Awesome Oscillator– a measure of momentum in the market- was below the half-line for a period of 15 days in May. Even though bulls have attempted a recovery, LINK’s move from $15-35 lacked conviction to trend higher. Considering its top sloping trendline, LINK would be denied above $30 and focus would be on $24-support. Conversely, a rise above this upper ceiling could see gains up to $35. Lower highs on RSI confirmed with LINK’s price action and reflected backed a bearish outcome.source (https://ambcrypto.com/cardano-chainlink-filecoin-price-analysis-06-june/)
(https://i.imgur.com/jGTUXrd.png)
The market are on the sideways and really not moving as excpetded .The RSI shows that it could got a bearish momentum but the price is around 23$ with a great support level .So that the market could move positively on the recent future .Now lets see how it will behave with us .
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16 June
Since the beginning of June, Chainlink has been on a steady downtrend, despite the price recovering somewhat after June 13 before corrections set in again.
(https://i.imgur.com/FKUXOj9.png)
The coin faced resistance at the $28-mark for the past week, and it had also not crept below the $21-support level. In case of a further dip in prices, Chainlink could break below the latter, with LINK priced at $24.55 at the time of writing.