$LINK

Moving Averages:

MA 7 is below MA 25 and MA 99 — Bearish trend.

Ichimoku Cloud:

Price below the Kijun-sen and cloud — indicates Bearish momentum.

Bollinger Bands:

Price near the lower band— Oversold condition, potential for a short-term bounce.

Stochastic RSI:

K: 26.01, D: 16.04

— Oversold; watch for a reversal signal.

MACD:

MACD line: -0.35, Signal line: -0.65 — Bearish momentum.

ADX: 33.27 — Strong trend, currently Bearish.

Balance of Power (BoP):

0.70 — Slight bullish presence, but overall trend remains Bearish.

CMF: -0.10 — Minor capital outflow, Bearish bias.

Conclusion:

Bearish Trend: The overall sentiment is bearish with the price below key moving averages and the Ichimoku cloud.

Oversold Signals: Indicators like the Stochastic RSI and Bollinger Bands suggest the asset is oversold, which might lead to a short-term bounce, but the trend remains down unless it breaks above key resistance levels.

Good coin to invest that's all I can say and will.
As it will run with the cycle so I'm bullish for the long haul.
Watch out for $BTC dominance.
Happy Trading!!!

#BinanceSquareFamily #LINK🔥🔥🔥 #technicalanalyst #technical_analysis