What Daily Chart Of LINK has Developed?

22 Agu

The area around $13 to $13.147 is proving to be a significant resistance zone, for the daily TF movement. It is likely to act as a barrier to any short-term rallies and could create a struggle in Chhainlink. But surpassing this struggle would lead to the next resistance at $16.384.

On the contrary, if the situation flips again under the bear's grip, then monitoring $9.91 would be a must; if it breaches, then $8 could be conquered, too.

Meanwhile, chart tools like EMA's, MACD, and RSI depict the recent intraday surge and nothing more. The uncertainty looks intact until a major Change of character level is breached, which lies at $16.384. As of writing, the price is trying to approach the 50-day EMA band. MACD built a bullish cross below zero line with a histogram at 0.210, and RSI flashed at 52.03.