LINK, DIA and BAND – Token-Oracle jumps from important support levels

Chainlink (LINK) has bounced off the USD 17.30 support area and is likely to complete an incipient crossover.

DIA (DIA) has broken out above a descending resistance level.

The Band Protocol (BAND) bounced off the horizontal support at $ 5.50, then broke a descending resistance line.

SHORTCUT

LINK has been down since May 10th when it hit an all-time high of $ 53. The decline culminated in a low of $ 15 hit on May 23 as support.

After the initial upward move, it returned to this support area on June 22nd.

Although there is no uptrend, the technical indicators are relatively bullish. While the RSI remains below 50, the Stochastic oscillator has created a bullish cross and is moving up with the MACD.

LINK / USDT daily chart | Source: TradingView

The move since the June 22nd low looks like an incipient crossover. After reaching as low as $ 21.27, the token fell and broke the pattern and completed it.

The price is currently trying to find support after which further upward movement is expected. The next resistance is at $ 25.17, 0.5 fib retracement resistance.

LINK / USDT 6-hour chart | Source: TradingView

Highlights

• LINK emerged from the support area of ​​17.30 USD.
• It completed a first wave of crossovers.

SLIDE

The DIA has been up since June 22nd when it hit a low of $ 0.921. The move up resulted in a breakout above the descending resistance line on July 6th. This resulted in a high of $ 1.57 seven days later.

Technical indicators support the continuation of the upward trend. The stochastic oscillator, RSI and MACD are all moving up. In it, the stochastic oscillator has created a bullish cross and the RSI is above 50.

The next resistance is at $ 2.79. This is the .382 fib retracement resistance and the horizontal resistance range.

Daily DIA / USDT Chart | Source: TradingView

The DIA / BTC pair has also been moving higher since June 22nd. It has recaptured the Satoshi area from 4150, an important level of support that has been held for several months.

Similar to the USD pair, all technical indicators are bullish, which supports the continuation of the uptrend.

The next resistance is at 5950 satoshis.

Daily DIA / BTC chart | Source: TradingView

Highlights

• DIA broke out above a descending resistance level.
• There is resistance at $ 2.79.

TAPE

BAND has been falling since April 15 when it hit an all-time high of $ 23.30. The downtrend continued until it hit $ 4.06 on June 22nd.

While this initially looked like the token fell below the USD 5.40 support area, it regained the area shortly afterwards, showing that the previous drop was just a deviation.

The technical indicators are rising and support the continuation of the uptrend. This is especially evident when the RSI is above 50.

The next resistance is at $ 10.36.

BAND / USDT daily chart | Source: TradingView

The short-term 6-hour chart shows a breakout above a descending resistance line and confirmation as support afterwards (green symbol).

MACD & RSI are also relatively bullish despite their lack of strength. The RSI is above 50 and the MACD is above 0.

The next horizontal resistance is at $ 7.80.

BAND / USDT 6-hour chart | Source: TradingView

Highlights

• BAND bounced off the horizontal support area of ​​$ 5.40.
• It broke out above a descending line of resistance.

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Beincrypto

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