Tag Archives: Chainlink (LINK) Price Analysis

Chainlink saw a lot of buying pressure over the past five days following a nice recovery from the critical support level.The LINK/USD pair is attempting to break out from a symmetrical triangle with a bullish head-and-shoulder pattern.A new bullish swing may start at 0.00045BTC level if buyers show strong commitment.LINK/USD: Chainlink Looking For Break Confirmation To Start New Bullish RallyKey Resistance Levels: $4.4, $4.8Key Support Levels: $3.8, $3.3LINK/USD. Source: TradingViewFollowing...

Bitcoin dropped by a total of 11% over the past week as the cryptocurrency broke beneath previous support at $9,550 and plummetted beneath support at $9,000. It continued to decline until reaching the current support at the 200-days EMA, which is bolstered by the .5 Fib Retracement at around $8,600. The momentum is certainly on the bearish side, and we should continue to expect further declines this week within the market. Once the rising trend line is broken, support is found at the downside...

The bearish scenario is likely to end shortly at 7-weeks rising trend line on the 4-hours chartAfter facing rejection at the 7-month high, LINK/USD fell and started downward correctionLink loses momentum after witnessing a low trading volumeLINK/USD: Chainlink Flaunted Short-Term Reversal With Double-Top Pattern, Nearing Key Rebound LevelKey Resistance Levels: $3.8 $4.4, $4.8Key Support Levels: $3.3, $3, $2.8LINK/USD. Source: TradingViewSince Chainlink turned away at the 7-month high of...

Chainlink has seen a strong 52% price increase over the past fortnight as it reaches $4.29.The cryptocurrency was unable to overcome the 2019 high at $4.81, causing it to roll over and fall by around 10% this week.Against Bitcoin, LINK has been clocking fresh ATH’s as it reaches as high as 0.00049 BTCKey Support & Resistance LevelsLINK/USD:Support: $4.81, $5.00, $5.43.Resistance: $4.14, $3.75, $3.21.LINK/BTC:Support: 0.000428 BTC, 0.000392 BTC, and 0.000367 BTC.Resistance: 0.00046 BTC,...