ChainLink - We look to Buy at 2.5000
Short term bias is bullish.
Price continues to trade within the triangle formation.
Bespoke support is located at 2.5000.
Further upside is expected although we prefer to set longs at our bespoke support levels at 2.5000, resulting in improved risk/reward.
Expect trading to remain mixed and volatile.
Chainlink is continuing its early-month rally, with the cryptocurrency fully eroding its September trading losses. The LINK / USD pair is also one of the few cryptocurrencies in the top twenty by market cap that is trading above its key 200-day moving average.
In percentage terms the LINK / USD pair has gained close to thirteen percent since the start of the new...
Looking at the Fibonacci and RSI, it appears that it's looking for support, maybe at the $0.26 level? Or is it going to test lower at $0.14. I will be checking the RSI to see when it's oversold... close now I think at $0.26.
I don't expect the $0.14 level, but who knows with Crypto! I think ChainLink is a quality project, so I'm not worried. More so, looking for...