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$LINK by the dip
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Chainlink LINK / USD Technical Indicators - June 14, 2024$LINK The technical indicators for Chainlink (LINK) against the US Dollar (USD) as of June 14, 2024, present a predominantly negative outlook. Technical Indicators The Relative Strength Index (RSI) stands at 42.299, signaling a negative momentum. The Stochastic Oscillator (STOCH) reads 25.904, while the Stochastic RSI (STOCHRSI) is at 19.448, indicating oversold conditions. The Moving Average Convergence Divergence (MACD) is at -0.13, confirming a negative trend. The Average Directional Index (ADX) is at 51.544, suggesting a strong trend. Williams %R is at -83.149, indicating the asset is oversold. The Commodity Channel Index (CCI) at -100.3903 reinforces the downward trend. The Average True Range (ATR) at 0.8001 indicates less volatility. The Highs/Lows (14) at -0.9576 supports the negative sentiment. The Ultimate Oscillator is at 45.096, and the Rate of Change (ROC) at -16.546, both reflecting a downward trend. The Bull/Bear Power indicator at -1.91 further confirms the negative outlook. Moving Averages The summary of moving averages also indicates a strong negative sentiment. The MA5 at 15.48 (simple) and 15.57 (exponential), MA10 at 16.10 (simple) and 16.09 (exponential), MA20 at 17.11 (simple) and 16.31 (exponential), MA50 at 15.70 (simple) and 16.42 (exponential), and MA100 at 16.64 (simple) and 16.30 (exponential) all reflect a downward trend. The MA200 at 16.55 (simple) and 15.37 (exponential) also suggest a similar outlook. Pivot Points The pivot points analysis identifies critical support and resistance levels, with the central pivot point at 15.42. Support levels are at 13.84, 14.46, and 14.8, while resistance levels are at 15.76, 16.38, and 16.73. Overall, the technical indicators for Chainlink / USD on June 14, 2024, highlight a strong negative trend, with multiple indicators pointing to continued downward pressure. #LINK🔥🔥🔥 $LINK
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$LINK 1D Chart
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$LINK 🚀🚀😱Last Chance: Market Expert Explains Why Now Is the Perfect Time to Invest in These 5 Altcoins😱🚀🚀 Altcoins Analysis In a series of social media posts, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink ($LINK ), #Floki ($FLOKI ), #Fantom ($FTM ), and Polkadot (#DOT ), offering valuable insights for investors. One of the altcoins that has caught Van de Poppe’s attention is SUI, which, according to his analysis, has shown strength in the market with a higher low formation. Van de Poppe suggests that if momentum provides a breakout above $1.17, SUI could continue its uptrend toward $1.60 (currently trading at $1.067). Chainlink (LINK) is another altcoin Van de Poppe considers “heavily undervalued.” Drawing on historical data, he points out that LINK has delivered a 150% return in previous cycles, making it an attractive investment opportunity at its current trading price of $16.037. However, Van de Poppe also advises caution with certain altcoins. For instance, FLOKI, despite its substantial 1200% increase since the beginning of its recent run, carries a “higher risk of a heavy correction.” He suggests that interested investors wait for a 30-40% correction before considering an investment. Van de Poppe also draws attention to Fantom’s native token FTM, which has been forming lower highs and lower lows. With multiple tests of the $0.60 support, a price breakdown seems likely. If a breakdown occurs, he identifies two potential areas of interest between $0.4924 and $0.6113 for swing trading. Crucial Support Levels For Ethereum Regarding Polkadot, Van de Poppe highlights its potential as a market leader in the Real-World Asset (RWA) sector. He emphasizes that Polkadot is currently undervalued and is in the process of implementing RWA within its ecosystem. Despite the price not reflecting the “thriving ecosystem,” Van de Poppe expects this will change.
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