- Analyst Rekt Capital shared his technical analysis for LINK yesterday.
- The trader mentioned two key weekly price levels that traders will want to keep an eye on.
- In related news, LINK’s price has dropped more than 2% over the last 24 hours.
The crypto trader Rekt Capital (@rektcapital), tweeted his technical analysis for טשאַינלינק (LINK) yesterday. In the tweet, the trader stated that LINK’s price is in the process of retesting a weekly support level.
היי, אַזוי צוגעגעבן that should the weekly support level at around $7.786 hold in this retest, then LINK’s price will rally higher in the weeks that will follow. The trader set the upside target for this rally at around $8.80.
On the other hand, should the support level at $7.786 fail to hold, then traders will want to keep an eye on the support level at $6.278. A bounce off of this level will see LINK’s price consolidate between $6.278 and $7.786 in the 2-3 weeks that will follow.
אין דרוק צייט, די price of LINK is down 2.72% over the last 24 hours according to CoinMarketCap. As a result, LINK is currently changing hands at $7.97. LINK’s price has also weakened against the two crypto market leaders, ביטקאָין (BTC) און עטהערעום (ETH), דורך 4.84% און 3.39% ריספּעקטיוולי איבער די לעצטע 24 שעה.
The price of LINK is resting on the daily support level at $7.917. Should it break below this level before the end of today’s trading session, then LINK’s next target will be the support level at $7.506.
The daily RSI indicator on LINK’s chart suggests that LINK’s price has reached a peak, given that the daily RSI line has formed a peak and is now sloped slightly negatively towards oversold territory.
אָפּלייקענונג: די מיינונגען און מיינונגען, ווי געזונט ווי אַלע די אינפֿאָרמאַציע שערד אין דעם פּרייַז אַנאַליסיס, זענען ארויס אין גוט אמונה. לייענער מוזן טאָן זייער אייגענע פאָרשונג און רעכט דיליאַנס. קיין קאַמף גענומען דורך די לייענער איז שטרענג אויף זייער אייגן ריזיקירן. קאָין אַדישאַן און זייַן אַפיליאַץ וועט ניט זיין פאַראַנטוואָרטלעך פֿאַר קיין דירעקט אָדער ומדירעקט שעדיקן אָדער אָנווער.
Source: https://coinedition.com/well-known-crypto-trader-shares-his-technical-analysis-for-link/