Link returned to a sale after getting rid of a loss of about 15 % in the last 7 days. While this rejection raised this, he was now appointed to a major collapse.
Drops in late March have returned most of Altcoins to the sale situation, and as we saw on the daily chart, Link joined the party and is now moving in the main leg after spreading significant losses last week.
After the declining style in the past months, the encryption may soon be drowned to the lowest new level. Although the sale pressure is not much at the time of writing this report. A significant increase in the supply level can cause a significant sale. In this case, the main level of watching such a decrease lies at $ 10.
This decrease should confirm the continuation of the low low and low movement that started from the level of $ 29 last December. Although this step indicates that the bears are still responsible, they may face some obstacles on the road down before locating the threshold.
In the event that the market is re -established support higher than the lowest level, LINK may last a new increase and begin to show signs of power daily.
This may lead to a temporary change in the commercial scene, but a fixed increase from there must lead to a significant shift in the direction. Technically, more clouds can be expected to the short term because the trend is still much more in favor of the bears.
Link key levels to watch
Source: TradingView
The level of $ 11.9 is the closest support that must be taken into account. It can be sent below the price to $ 10.9 and $ 10 before recovery.
If a recovery occurs, yesterday’s level of $ 14.4, along with resistance last week, must be restored for $ 16. The rest over it may increase the resistance levels of $ 17.5 and $ 19.8.
Main resistance levels: $ 14.4, $ 16, $ 17.5
Main support levels: $ 11.9, $ 10.9, $ 10
- Immediate price: $ 12.7
- Trend: Land
- Volatility: High
Disclosure: This is not a trading or investment advice. Always make your search before buying any encrypted currency or investing in any services.
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Source: https://nultx.com/chainlink-price-alysis-predization-april-4-link-posts-major—