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CHAINLINK, LUNA AND UNISWAP - ALTCOIN CHART ANALYSIS

 


Due to your numerous requests, we're looking at three Altcoins again today. The choice fell on Chainlink, Luna and Uniswap. Have we broken the downtrend here as well, like with Bitcoin? What happens now?

Chainlink (LINK) has left the downtrend for some time and has only moved sideways until yesterday. We have now seen a small push upwards and are now at around USD 21.70.

Most recently, we were directly rejected at the 200-SMA (last 200-average candle / purple) and 200-EMA on the 4H chart. These two indicators are initially a strong resistance for Chainlink and must be broken.

Below us are the 4H-EMA ribbons as support, which have not yet been tested. The trading volume has also decreased somewhat in the last few hours. Here it is now important to break through the resistance and then to rise to the next resistance at around 25.00 USD.

Luna has not known how to stop for days. We jump from one all-time high to the next. All resistance is broken through without any ifs or buts. The funding (fees on the stock exchanges) is also negative.

We are currently at around USD 97.00, after having broken the psychologically important mark of USD 100.00 yesterday. It is important that we are still in an uptrend (blue line).

In addition, we have the 4H-EMA ribbons as support, which on the one hand offer additional support and on the other hand are also often used for a bounce. So far, Luna has only tested these briefly and then climbed to new heights. As long as the Uptrend and EMA Ribbons hold, Luna could continue to rise despite bearish signs in the RSI.

Uniswap still has some problems leaving the downtrend. We already had an upward breakout yesterday, but are now consolidating our downtrend and are unable to leave it upwards on an impulsive basis.

Right now we're at around $ 17.58. Here we see roughly the same as with Chainlink. The 200-SMA and the 200-EMA on the 4H chart stand in our way as strong resistance and must be broken.

The trading volume is clearly declining and could indicate a bigger move in the next few hours. So we should definitely keep an eye on these altcoins. The next major resistance at Uniswap would be around $ 21.70. In between, the course has some breathing space.

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