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April 17, 2023In the midst of a 10 day bullish trend, Today's session might suggest a slow down — Chainlink trades at $8.1, after ending today at $8.13.
Trend and momentum analysis indicates that investors are seeking long positions as Chainlink USD price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Asset volatility analysis shows that Chainlink's upper Bollinger Band® is at $8.12, suggesting that a downward move may follow.
Notwithstanding Chainlink's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
Other markets show mixed performance as FTX Token is up 9.54%. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.
Moreover, United States Building Permits (Mar) scheduled to come out tomorrow at 12:30 UTC.
Registering some good gains for about a month now. Chainlink hit a significant low of $5.47 around 3 months ago, but has since recovered 48.55%.
