LINK: The price is recovering from a short-term downtrend.
Detailed Analysis:
Current Price: 21.64 (+1.12%).
Resistance and Support Levels: Resistance at 22.38, Support at 21.06.
RSI: At 65.72, indicating a bullish momentum nearing overbought territory.
MACD: The MACD line has crossed above the signal line, signaling a potential upward trend.
Trading Strategy:
Entry Point: Consider entering near the 21.35 support zone if a pullback occurs.
Target: Set a profit target around 22.38 to take advantage of the resistance level.
Stop Loss: Place a stop loss below 21.00 to minimize risks.
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#Chainlink #CryptoAnalysis #AltcoinTrends #DeFi