• On June 13, the price of Chainlink tested the $2.000 price level and was resisted.
• Nevertheless, if the price is sustained above the EMAs, the bulls will break the $2.000 overhead resistance.

LINK/USD Long-term Trend: Bullish

• Resistance levels: $2.0000, $2.2000, $2.2000
• Support levels: $1.6000, $1.4000, $1.2000

The LINK/USD pair was in the bullish trend zone. On June 13, the price of Chainlink tested the $2.000 price level and was resisted. The price retraced to a low and made another upward move to retest the $2.000 resistance level.

Each time the price tested the resistance level, it would retrace to the support of the EMAs. Nevertheless, if the price is sustained above the EMAs, the bulls will break the $2.000 overhead resistance. From the Fibonacci tool, the coin is trading in the continuation zone of 0.382 (38.2%) Fib retracement level. In these zones, the market is likely to rise.

However, the market will fall, if price breaks below the 0.236 (23.6%) and 0.382 (38.2%) Fib. retracement levels. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.The stochastic is in the overbought region but below the 80% range which indicates that the price of Chainlink is in a bearish momentum and a sell signal.

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