- LINK/USD price hasn’t shown a tangible declining sign to suggest upward movement exhaustion.
- Bull tends to relax for a while at the level of $30.
- Traders needed to be cautious of exerting new orders at the current trading zone of $30.
LINK/USD market bull pushes the price higher to hit resistance at $30 line. The last trading session witnessed a high valuation at around $25, while that point marked the recent pit stop in the ongoing northward journey of the market. As of writing, the crypto’s rate of percentage is put at 7.31% to trade around $30. Presently, the price hasn’t shown a tangible declining sign to suggest upward movement exhaustion of the crypto trade.
Link Key Zones
Resistance levels: $35, $40, $45
Support levels: $25, $20, $15
LINK/USD Long Term Trend: Bullish
From the technical viewpoint, he LINK/USD trade operations, the market bull pushes the price higher on an increasing moving mode in the long-term run. During the August 13th trading session, a bullish candlestick occurred, strengthening the market’s upward force further to the moon side. Price is seemingly facing a barrier around the high value of $30. At that trading capacity level, bull tends to relax for a while. The breaking out of the point mentioned earlier may not happen in the near time.
On the downside, the crypto market operation is now trading at other higher trading zone that bear is likely to regain the market’s control at the expense of bull s possibility of losing the momentum at $30. The Stochastic Oscillators are seemingly attempting to close the lines southbound at the range of 80. The 14-day SMA trend-line has touched the 50-day SMA trend-line from the beneath. Bear needed to be on the lookout for a possible price correction around the point mentioned earlier to be able to get a decent sell entry.
LINK/USD Short Term Trend: Bullish
The LINK/USD 4-Hour chart shows that the crypto market bull pushes the price higher between $28 and $32 trading levels. Price seems to set on a slight reversal moving manner. During the 14th session, the crypto’s high value was around $28 before eventually breached northward yesterday. The longing of positions further may be suspended if the current slight upward correction gets heightened.
The Stochastic Oscillators are in the overbought region attempting closure of the lines to the southbound a bit above the range of 80.
Traders needed to be cautious of exerting new orders at the current trading zone of $30, especially if there is no reliable price action to back entry.
Also read: Link Price Prediction: LINK/USD Trade Operation Resists at $25
Note: Crypto-academy.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.