Vishwakarma Sets $11.375 as Chainlink’s Key Four-Hour Chart Level

Chainlink (LINK) traded at $11.39, up 2.92% over 24 hours, at 4:27 a.m. ET (08:27 UTC) Oct. 31. Technical analyst Aashish Vishwakarma’s Oct. 31 four-hour chart identifies $11.375 as the 20-period exponential moving average (EMA), the level anchoring its conditional downside scenario.

The chart lists the 50-period EMA at $11.566 and the 100-period EMA at $11.893. Four-hour trading above $11.566 is the first condition in the chart’s upside scenario, followed by $11.893. Trading below $11.375 points to $11.06 and then $10.273. The chart also lists the 200-period EMA at $12.206.

Its relative strength index reading is 49.81, described as neutral. The levels outline conditional paths rather than a completed breakout or breakdown. An earlier LINK rebound that remained below five moving averages was covered Oct. 16.