Facebook Twitter Instagram
    Crypto AcademyCrypto Academy
    • Home
    • News
    • Price Predictions
    • Price Analysis
    • NFTs
    • Learn
    • Press Releases
    • Coins
      • Bitcoin
      • Ethereum
      • Cardano
      • Safemoon
      • Dogecoin
    • Advertise on Crypto Academy
    Facebook Twitter Instagram Telegram
    Crypto AcademyCrypto Academy
    Home»Price Analysis»LINK/USD Market Operation Rebuilds Energy at $25
    Price Analysis

    LINK/USD Market Operation Rebuilds Energy at $25

    Granit.MBy Granit.MAugust 31, 20213 Mins Read
    LINK/USD Market Operation Rebuilds Energy at $25
    Share
    Facebook Twitter LinkedIn Email Reddit Telegram WhatsApp

    • LINK/USD market operation rebuilds energy from a near lower trading line.
    • It appears that $25 would have to be the uglier spot against seeing a downward movement resumption of the crypto market.
    • Traders needed to be on the lookout for a decent buy entry.

    LINK/USD market operation rebuilds energy at $25 level on a lighter note. $30 and the value mentioned earlier have been the main lines price has over the time featuring. The crypto economy keeps pushing at a positive percentage rate of 4.03to trade around the line at $26. It appears that the lower trading value line would have to be the uglier spot against seeing a resumption of a downward movement of the market once again. There has been a slight adjustment in the settings of support levels as having the $20 as the critical point.

    Link Key Zones
    Resistance levels: $30, $35, $40
    Support levels: $24, $22, $20
    LINK/USD Market Operation Rebuilds Energy at $25

    LINK/USD Long Term Trend: Bullish

    The LINK/USD market operation rebuilds energy at $25 slightly after some time of hovering close above the point in the recent trading days’ sessions. The trend-line of the 14-day SMA lies a bit flat at the value mentioned earlier, showcasing support against further falling off of the trade as the 50-day SMA trend-line is closely beneath it. The bullish trend-line drew northward across the bigger SMA to play a supportive role to the smaller SMA. That suggests the LINK/USD market bull will have a better chance of rebounding and possibly build more energy to the upside.

    On the downside, in the first place, a bearish candlestick needed to form against the $25 trading line to create a sell wall of the following days’ operations. The crossing back of the 14-day SMA to intercept the 50-day SMA to the south side will be an added confirmation to the possibility of getting to see more downs of the crypto trade below that point for a while.
    LINK/USD Market Operation Rebuilds Energy at $25

    LINK/USD Short Term Trend: Ranging

    On August 24, a bearish candlestick occurred against a high level of trading at $28. Eventually gave birth to the breaching of a lower line of $26 on the following day’s session to witness lower downs around $24. The crypto market operation now rebuilds energy at the level of $24 on the LINK/USD 4-hour chart. The present beefing of a bullish candlestick around $26 suggests a brighter expectation of getting more ups in the near time.

    The 50-day SMA indicator is closely above the 14-day SMA indicator. The bullish trend-line drew placed at the $26 to signify it as a crucial trading zone. The flat trend-line drawn at $24 showcases the actual support baseline that price has been able to make a rebound. The Stochastic Oscillators have moved upward, pointing northbound close beneath range 80.

    Expectations are that the LINK/USD market bull will most of the time find a strong support line while the price slightly goes down. Therefore, traders needed to be on the lookout for a decent buy entry.


    Also read:LINK/USD Market Bull Pushes Price Higher

    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.

    Previous ArticleEthereum (ETH/USD) Fails to Climb Above $3,350
    Next Article Bitcoin (BTC/USD) Has Failed to Beat the $48,000 Resistance Trap

    Related Posts

    Bitcoin (BTC) Could Bottom at Around $6,000 Before Reversing the Trend

    Cardano Price Analysis: ADA Keeps Trending Despite Bearish Momentum

    Elrond Price Analysis: EGLD Trending Due to Recent Shilling and Giveaways

    U.S. Labor Market Defies Predictions: A Positive Outcome for Crypto?

    June 9, 2023

    Dissecting the Differences Between Coinbase & Binance SEC Lawsuits

    June 8, 2023

    Ankr Enterprise RPC Services Goes Live on Microsoft’s Azure Marketplace

    June 8, 2023

    Binance Lied To U.S. Lawmakers

    June 8, 2023

    Court Filing Shows Gary Gensler Applied For Advisor Role At Binance

    June 8, 2023
    Facebook Twitter Instagram Telegram RSS
    • Home
    • Advertise on Crypto Academy
    • Terms and Conditions
    • Privacy Policy
    © 2023 Crypto-Academy.org. All rights reserved.

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version