Fundamental Reason
Last days [symbol = "COINBASE: BTCUSD"] COINBASE: BTCUSD [/ symbol] stated process of diversification towards ETH and XRP.
We can easily see that diversification from BTC Dominance to
ETH.D and XRP Dominance which are pumping in the last few days.
Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them.
Technical Reason
At the moment
LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95).
Supports - $ 1.50, $ 1.45
Resistances - $ 1.95, $ 2.05
Good Luck!
Last days [symbol = "COINBASE: BTCUSD"] COINBASE: BTCUSD [/ symbol] stated process of diversification towards ETH and XRP.
We can easily see that diversification from BTC Dominance to
ETH.D and XRP Dominance which are pumping in the last few days. Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on the entire crypto market we are going to see growth in different alt-coins, most likely ChainLink will be one of them.
Technical Reason
At the moment
LINKUSDT is at the oversold stage. RSI shows us potential Double Bottom formation. The price was able to rise above 200 Exponential Moving Average, which is speaking of strength and a higher probability for further growth. Volume is under 50 Moving Average, and a potential big move is coming. Likely the price will try directly at 50 candles Exponential Moving Average and tested it as resistance (price around $1.95).Supports - $ 1.50, $ 1.45
Resistances - $ 1.95, $ 2.05
Good Luck!
交易结束：到达目标
Target was reached!注释
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。