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Weekly forecast Chainlink technical chart
Symbol LINKUSD

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateDecember 25, 2022 - 21:42
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 5.300, beginning of uptrend is expected.
  • We make sure when the resistance at 9.500 breaks.
  • If the support at 5.300 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI uptrend #1 is broken, so the probability of beginning of uptrend is decreased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 7.810 on 12/01/2022, so more losses minimum to Major Support (5.300) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 39.

Symbol Released Current Forecast
Chainlink (LINKUSD) free Sun, 25 Dec 2022
Chainlink (LINKUSD) Mon, 5 Dec 2022
Chainlink (LINKUSD) Sun, 27 Nov 2022
Chainlink (LINKUSD) Mon, 21 Nov 2022
Chainlink (LINKUSD) Sun, 6 Nov 2022