Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Chainlink Forum => Topic started by: EAA-ALLAH on April 11, 2021, 11:54:15 PM
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Chainlink (LINK) price analysis April 11, 2021. LINK/USD has fallen to a $32 low as bulls failed to breach the $35 overhead resistance.
Chainlink (LINK) price Long-term Analysis: Ranging
Since February 13, buyers have failed to push Chainlink above the overhead resistance. Each time the overhead resistance is retested the altcoin will fall and resume downward correction. For instance, on February 13 and 19, the bulls retested the overhead resistance which resulted in the formation of a bearish double top. This bearish pattern caused Chainlink to fall to a $24 low and resumed a prolonged downward correction.
On April 6, buyers again retested the $35 resistance but were resisted. The market fell to $30 low as price fluctuated below the resistance zone. On the upside, if buyers can break the $35 overhead resistance, LINK will rally above $40. However, if buyers fail to break the overhead resistance the downward correction will linger on. Source (https://cryptonews.net/531596/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)