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Chainlink {LINK}, IOTA {MIOTA} price prediction for 2019; Binance adds margin trading for IOTA

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According to the candlestick chart connected with the LINK/USDT pair on tradingview [based on data obtained from the Binance Exchange], one can determine that Chainlink is being propelled by buyers for now. I don’t expect the bullish momentum to fade away anytime soon unless fresh sellers willingly crop up. The final 3 peaks tied to the Awesome Oscillator have all possessed the green shade, and the daily RSI [for 14 periods] is about to scale to 73. Considering the fact the $LINK is being overbought, both these indicators suggest that the digital asset shall remain under the influence of bulls.

From 13th November onwards, the MACD line ventured north of the signal line, and the two have been drifting apart ever since. Resistance may be felt near $3.25, and support can be found close to the $2.6078 mark.

In accordance with the candlestick chart linked to the IOT/USD pair on tradingview [based on data drawn from the Bitfinex Exchange], one can fathom that buyers have finally begun to guide $MIOTA although it is unclear whether this brief bull-run will continue. The daily RSI [for 14 periods] rebounded today and reached 45.01, which signifies that IOTA is advancing through neutral territory.

The gap between the MACD line and the signal line has shrunk slightly, which caused the crimson histogram to appear faded. The Awesome Oscillator peak associated with today’s performance bears the green shade; this points towards the bright dawn of bullish pressure. Barriers may play a role at $0.2707, and support lies close to $0.244 for now.

Via an official blog post, Binance announced the addition of margin trading for IOTA HODLers.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.