I-Chainlink (LINK) Uhlalutyo lwexabiso: I-LINK Slumps kunye ne-Resumes Downtrend Emva kokulahlwa kwi-$ 11.81

UAzeez Mustapha

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EziPhambili
LINK faces another rejection at $11.81 as it resumes downtrend
LINK may slump to level $9.33

Chainlink (LINK) Izibalo zaNgoku
Ixabiso langoku: $10.50 
Intengo yeNtengiso: $ 3,673,518,965
Umthamo wokuThengisa: $ 1,213,763,942
Iindawo ezinkulu zokubonelela: $ 18.00, $ 20.00, $ 22.00
Iindawo ezifuna kakhulu: $ 8.00, $ 6.00, $ 4.00

I-Chainlink (LINK) Price Analysis October 16, 2020
LINK downtrend was partially interrupted on October 7, when the coin rebounded to reach the high of $11.81. However, the bulls fail to sustain the upward move. LINK would have been out of the downward correction if buyers have pushed the coin above the $14 high. The coin has resumed a downward move after rejection from the high of $11.81. The market will further decline if the price breaks below the SMAs. Today, the crypto is trading at $10.38 at the time of writing.

LINK / I-USD-Itshathi yemihla ngemihla

Izikhombisi zobuGcisa boKhonkco ukuFunda
LINK price breaks the 21-day SMA but faces rejection at the 50-day SMA. There is a likelihood of price falling. The coin has fallen to level 49 of the Relative Strength Index period 14. This implies that there is a balance between supply and demand.

I-LINK / USD -4 Itshathi yeYure

isiphelo
LINK is falling after rejection from $11.81. There will be a further decline if the $10.20 support cracks. On October 13 downtrend; the retraced candle body tested the 50% Fibonacci retracement level. It implies that the selling pressure will continue to level 2.0 Fibonacci extension or the low of $9.33.


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UAzeez Mustapha

U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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