InvestorsObserver gives Chainlink an average long-term technical score of 46 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.
LINK at this time has a superior long-term technical analysis score than 46% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.
Trading Analysis
Chainlink’s price is -$1.3100000 (-18.95%) below its 100-day moving average price of $6.930000000 as its price at the moment sits at $5.610000000. Additionally, LINK is $0.2500000 (-100.44%) higher than its 52-week low price of $5.360000000 while -$22.96000000 (-15.35%) under its 52-week high of $28.570000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives LINK an average long-term technical score of 46. Long-term trading movement of Chainlink suggest that investors are bearish on the token at the moment.
Chainlink currently has a total market cap of $2,851,954,088.80 to go along with its average daily volume of $1,178,476,156.71 worth of the currency over the past seven days. LINK’s volume is below its seven day average as of the past 24 hours, with 182,198,997.77 exchanged in that period.
This token’s subclass Smart Contracts: A computer program designed to automatically execute when predetermined conditions are satisfied. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.
Summary
LINK’s historical trading over the past year gives it a an average long-term technical score of 46 as its price movement in that time has given investors reason to be bearish on the token in the long-term.
Click Here to get the full Report on Chainlink (LINK).
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