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What do the long-term technicals predict for Chainlink (LINK) on Thursday?

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Thursday, March 10, 2022 1:46 PM | InvestorsObservers Analysts

InvestorsObserver gives Chainlink a strong long-term technical score of 71 from its research. The proprietary rating system takes into account historical trading patterns over the past few months to one year of the token’s support and resistance levels, in addition to its position against long-term averages. The analysis helps determine if this is currently a solid investment opportunity for traders. LINK currently has a long-term technical analysis score above 71% of circulating cryptos. The long-term ranking will be most relevant for buy-and-hold type investors who seek strong and steady growth when allocating their assets. The combination of a high long-term and short-term technical score will also help portfolio managers uncover tokens that have bottomed out.

Long Term Technique - 71
InvestorsObserver gives Chainlink a 71 long-term technical rank. Find out what this means for you and get the rest of the rankings on Chainlink!

Business analysis

LINK is currently -$5.9100000 (-30.94%) below its 100-day moving average price of $19.110000000 with its current price of $13.200000000. Meanwhile, Chainlink is $1.7000000 (19.10%) above its 52-week low of $11.500000000 and $-39.68000000 (6.04%) below. its 52-week high of $52.880000000. The current price against its moving average and 52-week highs and lows leads to a strong long-term technical score of 71. Chainlink’s long-term trading history trends suggest that traders are currently neutral on the token. Chainlink has a total market value of $6,162,811,883.98 with a high average daily volume of $5,323,812,760.01 of the currency traded over a typical 24-hour period. In the past 24 hours, LINK’s volume is below its average with $711,729,621.90 traded in total. Subclass of this token Smart contracts: A computer program designed to run automatically when predetermined conditions are met. Typically used to execute transactions quickly and automatically, with terms written directly into lines of code.

Summary

Trading patterns over the past year for Chainlink have given the token a strong long-term technical score of 71, as its consistency, volatility, and relationship to long-term averages have given investors cause for concern. be neutral on the token. Click here for the full Chainlink (LINK) report.

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