Chainlink LINK / USD Technical Indicators - June 14, 2024$LINK

The technical indicators for Chainlink (LINK) against the US Dollar (USD) as of June 14, 2024, present a predominantly negative outlook.

Technical Indicators

The Relative Strength Index (RSI) stands at 42.299, signaling a negative momentum. The Stochastic Oscillator (STOCH) reads 25.904, while the Stochastic RSI (STOCHRSI) is at 19.448, indicating oversold conditions. The Moving Average Convergence Divergence (MACD) is at -0.13, confirming a negative trend. The Average Directional Index (ADX) is at 51.544, suggesting a strong trend. Williams %R is at -83.149, indicating the asset is oversold. The Commodity Channel Index (CCI) at -100.3903 reinforces the downward trend.

The Average True Range (ATR) at 0.8001 indicates less volatility. The Highs/Lows (14) at -0.9576 supports the negative sentiment. The Ultimate Oscillator is at 45.096, and the Rate of Change (ROC) at -16.546, both reflecting a downward trend. The Bull/Bear Power indicator at -1.91 further confirms the negative outlook.

Moving Averages

The summary of moving averages also indicates a strong negative sentiment. The MA5 at 15.48 (simple) and 15.57 (exponential), MA10 at 16.10 (simple) and 16.09 (exponential), MA20 at 17.11 (simple) and 16.31 (exponential), MA50 at 15.70 (simple) and 16.42 (exponential), and MA100 at 16.64 (simple) and 16.30 (exponential) all reflect a downward trend. The MA200 at 16.55 (simple) and 15.37 (exponential) also suggest a similar outlook.

Pivot Points

The pivot points analysis identifies critical support and resistance levels, with the central pivot point at 15.42. Support levels are at 13.84, 14.46, and 14.8, while resistance levels are at 15.76, 16.38, and 16.73.

Overall, the technical indicators for Chainlink / USD on June 14, 2024, highlight a strong negative trend, with multiple indicators pointing to continued downward pressure. #LINK🔥🔥🔥 $LINK