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2021-09-25 19:26:31

Chainlink price analysis: LINKL/USD is bullish in the next 24 hours

TL;DR Breakdown Chainlink is currently trading at $23.1.Most technicals are in favour of the bulls.LINK/USD is trading in a tight range on the daily Chainlink price analysis chart. Chainlink price analysis: General price overview  The daily chart shows that LINK/USD has been trading within a tight range of $24.92 – $25.92 after its failed attempt to break out of the range two days ago at around $30. Four-hours charts are taken into consideration mainly because it is more sensitive to price fluctuations. Technically, LINK/USD has been unable to post any significant bearish or bullish candles over the past 24 hours. However, both Bollinger bands are trending upwards which points at a slight uptrend that may continue throughout the day where bulls are expected to climb over the open-high of $26. Chainlink price movement in the last 24 hours: Chainlink stuck at $25 A bullish breakout will likely take place while bulls are expected to break out of the intraday high of $25. However, it is more likely that bears will hold on to their ground and drop LINK/USD down to retest below the intraday low of $24. The daily chart shows that LINK/USD has been consolidating for the past three days. The 20 day EMA is trending above the 50 day SMA which points at a slight long-term bearish trend. However, both moving averages are flat and the RSI has crossed over to the 40 level which points at neither bulls nor bears controlling the market. ...