Technical Indicators Hints A Bullish Momentum In LINK Price Fore

The weekly technical chart of LINK Price forecast a bearish momentum.On coming to the daily chart LINK price has given a negative crossover from the 50 Moving Average .Chain Link price is below the 50MA and above 100MA.The 50MA (Red) line is at $28.98 making it temporary resistance for the coin.Resistance for the coin on going upside is at $30 and on the down side price can see a bounceback from $20.LINK has formed an accumulation zone on the shorter time frame.If the price breaks down 10% below the accumulation zone then a strong bearish momentum can be seen.LINK/BTC pair can also see a downtrend in upcoming trading session.
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