- The 24 hours trading volume for the coin is 1,122,147,215 with the high of 25.90%
- The percentage change in the price is down by 8.70 for the token in the last 24 hours.
- The RSI oscillator shows the SELL action.
The LINK token has been running well below its 200 days moving average and has been forming a downtrend. The pattern is thus bearish. The movement of this token is also beyond its 50 days moving average. The chart above shows the movement of CHAIN with respect to SMA-20, SMA-50 and SMA-200. ALong with it RSI oscillator is also shown. RSI for the last 5 hours shows the value of 40.71 and depicts the sell action.
MA-10 and MA-20 show the same sell action whereas MA-5 shows the buy action.
The first trendline marked on the chart shows the average price reachability for the token and the second trendline shows the second average price movement. The low for the token is on 22 June with the value of 15.67 and thus the SMA-20 is moving beneath SMA-50. Well the returns are nearly 10% on an average of 4 days whenever SMA-20 trailed below SMA-50.
The LINK-BTC pair is trailing at the level of 0.0005358 and the low of 1.84% is seen and the LINK-ETH pair is trailing at the level of 0.009439 and the low of 1.43% is seen in the last 24 hours. Bull/Bear power shows the value of -1.2000 and shows the sell action for the last 5 hours time. The day’s range for the coin is 16.68 – 18.95 and presently running at 17.36%. The top 10, 20 and 50, 100 holders have more than 60% of holdings in this token.
Conclusion: The token is by far running in a bearish trend and if you are looking to buy this token then you may as the returns would be decent enough in coming time that is upto 15% returns in a short time. If you wish to hold for the long term then you can buy also as this time is fine to long it.
Technical Instruments:
Pivot: 17.04
R-1: 17.18
R-2: 17.27
S-1: 16.90
S-2: 16.81
(Note- The unit is USD)