Chainlink Price Prediction: Long-term (LINK) Value Forecast – June 1


  • On the downside, if the bearish pressure continues, the market will reach the lows of either $0.6000 and $0.8000  price levels.
  • From the Fibonacci tool, the crypto's price fell to the 0.50 (50%) Fib.retracement level. The market is now in a downtrend zone.

LINK/USD Long-term Trend: Bullish

  • Resistance levels: $1.2000, $1.4000, $1.6000
  • Support levels: $0.8000, $0.6000, $0.4000

The LINK/USD pair was in the bullish trend zone. The price of the LINK was in a smooth uptrend. The crypto's price was making a series of higher highs and higher lows. On May 23, the bulls tested the $1.4000 resistance level and the market fell in a downward correction. Initially, the market fell to the support of the 12-day EMA.

It eventually broke the 12-day EMA and found support at the 26-day EMA. On the downside, if the bearish pressure continues, the market will reach the lows of either $0.6000 and $0.8000. From the Fibonacci tool, the crypto's price fell to the 0.50 (50%) Fib.retracement level. The market is now in a downtrend zone.

The bullish trend is assumed to have been terminated. However, if the price breaks the 0.50 (50%) Fib. retracement level, the price will further depreciate to the 0.786 (78.6%) Fib. retracement level. On May 1, the price of Chainlink has an opening balance of $0.5153 and a closing balance of $0.9895.

This indicates the price of Chainlink appreciated by 92% of its capitalization in the month of May 2019. The stochastic is in the overbought region but below the 40% 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.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide