CHAINLINK Price Prediction Today: Daily (LINK) Value Forecast – June 18
- The short and medium-term outlook is in a bullish trend.
- Traders may consider buying at key areas after bearish exhaustion.
LINK/USD Medium-term Trend: Bullish
Supply zone: $4.00, $4.50, $5.00
Demand zone: $2.50, $2.00, $1.50
The cryptocurrency is in a bullish trend in the medium-term outlook. The bulls returned after bearish exhaustion at $0.9046 around the trendline on 16th June. This was a pullback for the market correction and also confirm the bullish continuation.
The coin was up shortly after opening to $1.97 with a large candle. Increased momentum made $0.9046 in the supply area as the high of the day.
The bears returned for a correction as LINKUSD dropped to $1.97 after today 4-hour opening price at $1.87.
Price is above the two EMAs an indication of strong bulls pressure while the signal of the stochastic oscillator points down at 76% which reflect the flag been created and market correction by the bears' pressure.
LINK/USD Short-term Trend: Bullish
The short-term outlook of the cryptocurrency is an uptrend. The inverted hammer dropped the coin at $1.87 in the 38.2 fib area a trend continuation zone before the end of yesterday session. Hence the returned of the bulls as price soars $2.03 shortly after today's opening price at $1.94.
The bears may retest the 38.2 before the bulls retained full market control due to the signal of the stochastic oscillator pointing down at 45% an indication of brief downward momentum.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.