ChainLink (LINK) Rebounds to a New All-Time High

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In Brief
  • The LINK price has reached a new all-time high.

  • Technical indicators in the daily time-frame are showing considerable weakness.

  • Longer-term wave counts estimate that the trend could continue upwards to $10.80.

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On August 4, the ChainLink (LINK) price reached a new all-time high price of $$9.75. While the upward move still looks strong in the long-term, there are numerous signs of short-term weakness present. LINK Blasts Off to New All-Time High The LINK price has been on a long-term upward trend since January 2019. The price initially struggled to break out from the $4 level, getting rejected

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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