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ChainLink Technical Analysis: LINK/USD continues going up and hits $17.73

  • LINK/USD exploded again even though the digital asset was already overextended.
  • LINK bulls are extremely strong right now and eying up $18.
ChainLink Technical Analysis: LINK/USD continues going up and hits $17.73
Lorenzo StroeLorenzo StroeIndependent Analyst

 It’s definitely hard to predict when LINK’s rally will stop or at least pause as it seems the digital asset is not facing a lot of selling pressure. ChainLink is currently trading at $17 after a brief pullback towards $16 but the bullish momentum remains strong.

LINK/USD daily chart

LINKUSD

Clearly, LINK’s momentum is unstoppable even though the daily RSI is extremely overextended. The trading volume has been increasing significantly over the past week which indicates the breakout is not just a random pump. 

Bulls have defended the daily 12-EMA several times in a row and bounced quite hard from it.

Author

Lorenzo Stroe

Lorenzo Stroe

Independent Analyst

Lorenzo is an experienced Technical Analyst and Content Writer who has been working in the cryptocurrency industry since 2012. He also has a passion for trading.

More from Lorenzo Stroe
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