LINK Bounces Strongly After Market-Wide Crash

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In Brief
  • LINK is trading between support and resistance at $10 and $13.8.

  • Daily technical indicators are bullish.

  • The price has possibly completed an A-B-C correction

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The ChainLink (LINK) price has been increasing since a strong bounce on September 5. A breakout above one of the resistance levels outlined below could mean that the price has begun a new upward trend and will head towards a new all-time high. Range Trading The LINK price has been falling since reaching a high of $20.71 on August 17. Since then, the price has created one lower high, so
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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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