Chainlink News

Chainlink Trades Above the Baseline with Moderate Volatility

single-image

Chainlink recently announced its first official virtual hackathon from October 14–31. The expert developers of Chainlink will be building the best-connected smart contract application using Chainlink oracles.

LINK to USD Price Analysis

LINK is currently seen trading at $2.16 around 07:06 UTC as on October 7, 2019.

Chainlink Price

Yesterday, LINK was initially seen trading at $1.95 around 02:20 UTC. The price of Chainlink tremendously escalated from then by 15.81% to the highest in the said time frame at $2.268 at 17:31. Today, the value initially dropped by 7.45% at 01:43 UTC, trading at $2.101.

A slight increase in the value by 4.66% was then noticed at 03:39 UTC, today trading at $2.199. The value from then is slightly decreased by 1.53% as of now.

Based on the last 30 days of data statistics, it seems that the value of LINK is trending in the moderate bullish zone. This seems to be an optimum time for the traders to go short with their investments before the price takes a steep fall. Speaking of the short-term prognosis, the value seems to be surging in the right direction where potential traders can join in the network while the existing investors can go short with their investment or plan a stop loss.

However, investors are ought to face uncertain dip due to market volatility. One can avoid the same under wiser trade habits by making calculative decisions based on resistance and support level calculated as follows:

Resistance Levels:

R1: $2.32, R2: $2.45, R3: $2.63

Support Levels:

S1: $2.01, S2: $1.83, S3: $1.7

Leave a Comment

Your email address will not be published.

You may also like

en_USEnglish
en_USEnglish