• Cryptocurrencies: 2129
  • Markets: 17801
  • Market Cap: $176829611622.6
  • 24h Vol: $45971257405.317

LINK Price Analysis: Unaffected by BTC Dump

During this BTC dump that saw 7% wiped off the value of Bitcoin with the rest of the Market also seeing the same sort of drawdown, Nouvive is currently finding coins with the best Value fundamental and technical Analysis. Link being one of them.

What does the Chart show?

Bullish

  • On the lower time frames, Link has seen a double bottom at 8000 Sats, this means that it will seek to retest two levels in the short term 8400 Sats where there is a volume gap and 8800 Sats where it previously was trading on the day.
  • Buy side volume has been heavily in its favour, especially as it continues increasing its Market sentiment; that has been growing week on week.
  • RSI Stochastic has swayed in the bulls favour – illustrating there will be enough momentum to see LINK close the day flirting with 8800.

Bearish

  • Based on the stated levels, a re-test of the bottom at 8000 and a breakdown could see LINK re-visiting 7800.

Nouvive Says: Not only is LINK fundamentally great at what they are seeking to accomplish – Nouvive have found them as being one of the great trades especially during Bearish periods of Bitcoin. Despite BTC’s 8% fall, LINK is up 3% on the day and will most likely end it with a further 3% gain. 

Nouvive sees the following levels:

  • Re-test of the trend line at 8000 Sats – a break-down of that level could see a flirtation with 7800.
  • Volume gap at 8400 Sats
  • Previous highs of 8600

Nouvive: Home of Crypto Beginners, Traders & Investors. Nouvive provides Cryptocurrency trading news, Analysis and indicators for beginners, traders and investors.

Information on these pages contain speculative statements that involves risks and uncertainties. Crypto-Assets profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell. Nouvive does not in any way guarantee that this information is free from mistakes, errors or material misstatements. It does also not guarantee that this information is of a timely nature. Crypto-Assets involve risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing or trading are your responsibility alone. For more information, please view the Risk Warning Below.

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2126

ViFeed Indicators

Bitcoin (BTC)
$5282.49
51.00 RSI
-1.23%
Hold
Ethereum (ETH)
$168.75
67.00 RSI
-2.82%
Hold
XRP (XRP)
$0.32
47.00 RSI
-2.30%
Hold
Bitcoin Cash (BCH)
$287.56
55.00 RSI
-4.57%
Hold
EOS (EOS)
$5.16
47.00 RSI
-5.50%
Hold
Litecoin (LTC)
$75.83
44.00 RSI
-6.68%
Buy
Binance Coin (BNB)
$23.63
50.00 RSI
-1.71%
Hold
Tether (USDT)
$1.01
0.00 RSI
0.11%
--
Stellar (XLM)
$0.11
40.00 RSI
-3.96%
Buy
Cardano (ADA)
$0.07
62.00 RSI
-5.97%
Hold
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