March 4, 2024

Analysis of Binance Coin, Chainlink prices for 07/06/2021

Analysis of Binance Coin, Chainlink prices for 07/06/2021

The cryptocurrency market is showing signs of recovery, giving hope for further growth.

BNB / USD

Analysis of Binance Coin, Chainlink prices for 07/06/2021

On the four-hour Binance Coin chartan ascending triangle looms. This could be a bullish signal. However, to confirm it, you need to wait for the breakout of the horizontal resistance line. In this case, BNB could skyrocket 18% to $ 372. On the other hand, the nearest resistance level is located near the $ 300 mark.

LINK / USD

Analysis of Binance Coin, Chainlink prices for 07/06/2021

At the time of writing, Chainlink is trading around $19.In the last 24 hours, the token is up 4.4%, trading volumes have also increased markedly. 

LINK's four-hour chart demonstrates thatthe uptrend takes the form of a parallel ascending channel. LINK is also ready to break through the resistance at the middle border of the channel. A breakout can trigger a wave of buy orders.

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