Brief Analysis ——LINK
Today, we share three tokens, all of which were relatively popular yesterday. They are LINK, DOT and SNX.
LINK has remained fluctuating for nearly a year. The price has remained within the range of 5.5~9.3. After the price temporarily fell below the lower rail of the range in early June, the bulls increased and the price rose back. In the process of rising, the bears is not obvious. After the rising on last Thursday, the bears strengthened, but the bulls did not fade. After a few days of callback, the price pumped again yesterday. It broke through 7.2 and is close to the high in April. The trading volume yesterday was high.
Conclusion: Mostly rising after a callback. It maintained neutral on a large scale and bulls took control on a small scale. So we don't think the rise is over, but the current price is close to the high 8.6, so we think the bears are likely to strengthen and the pullback will happen. We set resistance level at 8.6 and support level at 6.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
LINK has remained fluctuating for nearly a year. The price has remained within the range of 5.5~9.3. After the price temporarily fell below the lower rail of the range in early June, the bulls increased and the price rose back. In the process of rising, the bears is not obvious. After the rising on last Thursday, the bears strengthened, but the bulls did not fade. After a few days of callback, the price pumped again yesterday. It broke through 7.2 and is close to the high in April. The trading volume yesterday was high.
Conclusion: Mostly rising after a callback. It maintained neutral on a large scale and bulls took control on a small scale. So we don't think the rise is over, but the current price is close to the high 8.6, so we think the bears are likely to strengthen and the pullback will happen. We set resistance level at 8.6 and support level at 6.6.
If you have any ideas, welcome to communicate with us:)
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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