Chainlink’s LINK price retested the $12.00 support zone. The price is now eyeing a recovery wave above the $13.50 and $15.00 resistance levels.

• Chainlink price is showing bearish signs below the $15.00 resistance against the US dollar.
• Verðið er undir $14.20 stiginu og 100 einfalt hlaupandi meðaltal (4 klukkustundir).
• There is a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair (data source from Kraken).
• The price could start a decent increase if it clears the $15.00 resistance zone.

Chainlink (LINK) Price Eyes Steady Increase

In the past few days, Chainlink saw a major decline from well above the $18.00 level. LINK price declined below the $15.00 pivot level to enter a short-term bearish zone, like Bitcoin og Ethereum.

The price tested the $12.00 support zone. A low was formed at $11.92 and the price is now attempting a recovery wave. There was a move above the $12.50 level. It even jumped above the 23.6% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low.

LINK price is still trading below the $14.20 level and the 100 simple moving average (4 hours). Immediate resistance is near the $13.50 level. There is also a key bearish trend line forming with resistance near $13.50 on the 4-hour chart of the LINK/USD pair.

Heimild: LINKUSD á TradingView.com

The next major resistance is near the $15.00 zone. A clear break above $15.00 may possibly start a steady increase toward the $16.00 level or the 61.8% Fib retracement level of the downward move from the $18.66 swing high to the $11.92 low. The next major resistance is near the $18.00 level, above which the price could test $20.00.

Meira tap?

If Chainlink’s price fails to climb above the $13.50 resistance level, there could be a fresh decline. Initial support on the downside is near the $12.80 level.

Næsti meiriháttar stuðningur er nálægt $12.00 stiginu, þar fyrir neðan gæti verðið prófað $10.80 stigið. Meira tap gæti leitt LINK í átt að $10.00 stiginu á næstunni.

Tæknilegar Vísar

4 hours MACD – The MACD for LINK/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for LINK/USD is now below the 50 level.

Helstu stuðningsstig - $ 12.80 og $ 12.00.

Meiriháttar mótspyrna - $ 13.50 og $ 14.00.

Fyrirvari: Greinin er eingöngu veitt í fræðsluskyni. Það táknar ekki skoðanir NewsBTC um hvort eigi að kaupa, selja eða halda fjárfestingum og náttúrulega fylgir fjárfesting áhættu. Þér er bent á að framkvæma eigin rannsóknir áður en þú tekur fjárfestingarákvarðanir. Notaðu upplýsingarnar sem gefnar eru upp á þessari vefsíðu algjörlega á þína eigin ábyrgð.

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• Heimild: https://www.newsbtc.com/analysis/link/link-price-eyes-recovery-15/