Chainlink (Link) Präisanalyse: Drops To $ 15 Low and Begins Consolidation, Downtrend Wahrscheinlech

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Schlëssel Héichpunkter
LINK may find support above $15 high
The coin will rise and reach another high of $21

Chainlink (LINK) Aktuell Statistiken
Den aktuelle Präis: $ 15.55
Maart Kapitaliséierung: $ 5,441,297,209
Handelsvolumen: $ 1,626,841,844
Grouss Versuergungszonen: $ 18.00, $ 20.00, $ 22.00
Grouss Ufrozonen: $ 8.00, $ 6.00, $ 4.00

Chainlink (LINK) Präisanalys den 21. August 2020
LINK price is making a series of higher highs and higher lows. The coin has risen to a high of $20. Nonetheless, buyers could not sustain the upward move because LINK has reached the overbought region of the market. Sellers have emerged to push prices down.

Today, the market has fallen to a low of $15 and a further downward move is likely. LINK will resume an upward move if the current support holds. A retest of the previous high is possible. Meanwhile, the coin is fluctuating between $15 and $17 after testing the current support. LINK will sink to $13 low if the current support is broken.

Chainlink Technesch Indikatoren Liesen
LINK was earlier in the overbought region of the market. The coin has fallen to level 60 of the Relative Strength Index period 14 . It indicates that the crypto is in the uptrend zone and above the centerline 50.

Konklusioun
LINK is currently consolidating above $15 support. The coin will rise as it is in the uptrend zone. In the August 15 uptrend, the coin was resisted at the $20 resistance. A red candle body tested the 78.6% Fibonacci retracement level. It indicates that the coin will rise and reach level 1.272 Fibonacci extension($21) level. Later it will reverse to 78.6% extension ($19) where it originated.


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