CHAINLINK – ALTCOIN CHART ANALYSIS

Chainlink (LINK) has broken through the downtrend for now. However, on the 4H chart, we still have the EMA ribbons as resistance above us. As long as we do not break through this, we cannot speak of a change in trend.

Right now we're trading at around $7.20. The sale went exactly to our monthly support S2 and was bought up with a significant volume. However, we also formed a big wick as a result.

This increases the likelihood that we will fill it again sooner or later. The next resistances to the top are around USD 9.50. Neither the RSI nor the MACD show us bullish tendencies.

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