Chainlink breaks above $ 24 but shows bearish divergence. This could see LINK pull back to around $ 22. Monero struggled to recover from the selling pressure of the past few weeks as Ethereum Classic once again hit the resistance level of $ 8.
Chain link [LINK]
Source: LINK / USD on TradingView
LINK broke through its previous ATH at $ 20 two weeks ago to climb to $ 22.3 and required several attempts to break through the highlighted supply region.
The region of $ 21.4 to $ 22.3 has turned into demand in the last few days and can be expected to stop the downward pressure. The $ 19.8 level would be the next support level if the $ 22 region fails to stop the declines.
While the momentum was strongly bullish and Gann’s 1: 1 fan line served as support, there was a bearish divergence between price and momentum – LINK hit higher highs as the RSI rose. makes the lowest.
Motto [XMR]
Source: XMR / USDT on TradingView
XMR has been trending lower on the charts since it jumped to $ 190 earlier this month. Using the Fibonacci retracement tool, some upside resistance levels were plotted for XMR.
The 50% level at $ 152 is the most important level for XMR to move to support in order to recover prices. At the time of writing, the near-term dynamics were neutral. The long-term outlook was still optimistic. The XMR having strongly defended the support levels of $ 115 and $ 130.
The OBV has been trending upward for the past few days, but also highlights the lingering selling pressure over the past two weeks.
Important support levels for XMR are $ 135 and $ 130. While the 38.2% retracement level at $ 144 will offer resistance.
Ethereum classic [ETC]
Source: ETC / USDT on TradingView
The $ 8 region has been a region of stubborn resistance for ETC over the past two weeks. While the MACD has shown increasing bullish momentum, trading volume has remained more or less equal to what it had been for the past two weeks.
As the ETC approaches $ 8, the trading volume must increase to signal a possible breakout.
The $ 7.4 and $ 7 levels are likely to offer support to ETC.
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