ChainLink (LINK)

Chainlink Price Prediction: Long-term (LINK) Value Forecast – July 20

Azeez Mustapha
July 21, 2019

On June 29, the bulls tested the $4.000 overhead resistance level and were resisted.
On July 17, the downward trend was corrected at its low at the $2.08 price level.

LINK/USD Long-term Trend: Ranging

Resistance levels: $2.8000, $3.0000, $3.2000
Support levels: $2.4000, $2.2000, $2.0000

The LINK/USD pair was in the sideways trend zone. On June 29, the bulls tested the $4.000 overhead resistance level and were resisted. The price of LINK had since been on a downward correction. On July 17, the downward trend was corrected at its low of the $2.08 price level. The $2.08 support level was holding as the bulls broke above the 12-day EMA and the 26-day EMA to reach the bullish trend zone. However, the bulls were resited at the $2.8000 price level and the coin fell to a range bound move below and above EMAs.

The 12-day EMA and the 26-day EMA are trending horizontally and are flattened indicating that price is in a sideways trend.The stochastic is in the oversold region but below the 4 0% range which indicates that the price of Chainlink is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Azeez Mustapha

Azeez began his FinTech career path in 2008 after growing interest and intrigue about market wizards and how they managed to become victorious on the battlefield of the financial world. After a decade of learning, reading and training the ins and outs of the industry, he’s now a sought after trading professional, technical/currency analyst and funds manager - as well as an author.