TL; DR Breakdown LINK/USD is expected to trade in a bullish momentum throughout the day.Bulls want to surpass the intraday highs of $30.33.The BoP indicator implies that the buyers and sellers have the same strength. Chainlink price analysis: General price overview Chainlink saw a downfall that was reversed minutes later when the daily Chainlink price analysis chart set in while the bulls controlled the market. The bull dominance did not take long before the sellers came in and caused resistance on the third minute, making the price record a sharp decline to the lowest price on the daily price analysis at$29.4. The intraday low acted as a support for the bulls. This support seems so strong, aiding the bulls to start an uptrend and forming head and shoulder patterns to highs of $30.36. The bears came in so potent, pushing the price downwards in a falling wedge. The Bollinger bands widened in the early trading hours, indicating LINK/USD has higher volatility. LINK/USD price was closing towards the upper band of the Bollinger, signalling a potential bull run. Chainlink price movement in the last 24 hours: LINK/USD high volatility The overbought condition of the RSI is holding near to the 70.00 index level as it trades in the neutral zone. The indicator had moved into the overbought region yesterday, giving a buy signal followed by a price surge to $31.52 resistance. LINK/USD price has been in up and down movements. O...
