Prețul Chainlink (LINK) poate atinge 10 USD în aceste condiții de piață?

Za (LINK) Preț broke out from a descending wedge on Nov. 23. This could be a rally that will take it back to double digits.

Veriga de lanț preţ has traded close to $6.40 since May 9. While Chainlink reached a minimum price of $5.30, the lowest weekly close was at $5.80. Immediately after the close, the LINK price created a bullish engulfing candlestick (green icon). 

The candlestick also validated a bullish divergence (green line) in the weekly time frame. This is the first time in the price history of Chainlink that the weekly RSI a generat o divergență optimistă.

However, the price movement is bearish, since Chainlink was rejected thrice (red icon) by the $9.40 horizontal resistance area.

As a result, the price action and the weekly RSI give an opposite outlook on the price forecast. While the RSI is bullish and suggests that the LINK price will successfully move above $8.90, the price action indicates that a fall toward the long-term $4.40 support area is expected. 

Chainlink Price Wave Count Supports Eventual Breakout

The wave count provides a bullish price analysis, indicating that the future price will successfully move above the $9.40 resistance area. In turn, this would confirm the bullish divergence in the weekly RSI.

The most likely wave count suggests that the LINK price has completed an A-B-C corrective structure (black). In it, wave C developed into an ending diagonal, hence the shape of the wedge. The sub-wave count is given in white.

As a result, the most likely Chainlink price prediction is bullish. Conversely, falling below the wave C low (Red line) at $5.52 would invalidate this bullish forecast.

Pentru cea mai recentă analiză a pieței cripto a BeInCrypto, click aici.