After dipping to below the key support of $17.40, Chainlink price is trading in the daily range zone between $17.40 and $19,56 and where we will continue to see a slow and choppy price action.
A bullish reversal from the current price location or after a re-test of $17.40 will result in a bullish move to $19.56.
Upon a bullish break-out of $19.56, the key daily...
Chainlink bounced off the top of the Resistance Zone at $20.00 and is threatening to break out. Is this a situation that calls for a long or a short?
How do we trade this? 🤔
Never long in a Resistance Zone! But also, don't short prematurely. I believe LINK will make an attempt to break out of the Resistance Zone, but we need confirmation of the break before we...
Chainlink has been attempting to break the $16-$17 range since November 11th and has failed there times. After the crypto sell-off on January 3rd, Chainlink made one more attempt but fell short at $15.75. With that lower high, is it time to short?
How do we trade this? 🤔
We have a potential triple top, a doji (one bar trading range) just under the Resistance...
Chainlink slammed into the Resistance Zone after a beautifully executed measured move up. We're now in a minor pullback hovering just below resistance. Should we enter a trade here?
How do we trade this?
This is not the right moment to enter a trade. The price action screams bullish; A measured move up, showing support on the 30EMA, RSI around 50.00 with plenty...
Past Performance of Chainlink
Chainlink prices are breaking higher as of April 17. Technically, the token is within a bullish breakout formation, and prices are buoyed by expanding volumes. Notice that the confirmation of the April 14 bullish breakout bar was enough evidence of strength, a net positive for optimistic traders.
#Chainlink Technical Analysis
The...
Past Performance of Chainlink
Chainlink is in a broad range, trading inside a $3 range with recent highs posted in February. As the token picks up momentum in March, prices are still limited to the upside, trending below $8.2. It will require bulls to push above last week's consolidation and $7.6 for a new trend to emerge.
#Chainlink Technical Analysis...
Past Performance of Chainlink
Chainlink prices are solid when writing, looking at the daily chart. In January, LINK prices soared roughly 40 percent, finding intense liquidation at around $7.50. For the uptrend to take shape, buyers should force the coin above this week's highs, reversing losses of January 30, ideally with expanding volumes.
#Chainlink...
Past Performance of Chainlink
Chainlink prices are mixed when writing. Although they are bullish, there is a bearish engulfing pattern in the daily chart that may spook risk on traders. Nonetheless, LINK is within a bullish formation, with the current retracement possibly representing a retest. Accordingly, aggressive traders can take advantage of buying on dips...
Past Performance of Chainlink
Chainlink is backed by solid fundamentals, considering the significance of the protocol in DeFi and NFTs. However, looking at price charts, LINK has not been spared. The token dropped 82 percent from 2021 peaks and remains within a bear breakout formation at spot rates. Unless there are sharp expansions above $8, sellers are in...
Past Performance of Chainlink
Chainlink buyers have been active in the past few trading days. Even after losses of early November, LINK is higher in relative terms, adding an impressive 36 percent from November 2022 lows. Even so, LINK remains within a bear breakout formation, looking at the candlestick arrangements in the daily chart.
#Chainlink Technical...
Past Performance of Chainlink
Chainlink prices have been edging higher after losses of June 2022. As an illustration, the token is up 20 percent from June 202 lows at press time. Despite the confidence, sellers have been resilient and unwinding all attempts of higher highs, per the development in the daily chart. In the days ahead, how prices react, especially at...
Past Performance of Chainlink
Chainlink is down 22 percent from this week's highs as bears wreak havoc. Technically, there is a bearish engulfing bar with high trading volumes pointing to participation and, mostly, the exit of liquidity. As it is, LINK traders can search for entries to dump the token, expecting further losses toward 2022 lows in the short to...
Past Performance of Chainlink
Chainlink is up roughly 35 percent from 2022 highs, but the token is within a rising wedge, a bear flag, and down five percent on the last trading day. From the performance in the daily chart, LINK bears are in charge. This preview would, however, shift if LINK breaks above $8.2 with expanding trading volumes pointing to changing...
Past Performance of Chainlink
Chainlink prices are inching higher and are relatively resilient versus BTC and ETH. If anything, LINK buyers have had the upper hand over the past three months despite the bearish status of crypto assets in the past ten months. Technically, LINKUSDT is broadly within a bear flag, with the primary resistances at $8.2 and $9.5.
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Past Performance of Chainlink
Chainlink prices are steady at spot rates, firm, like the rest of the cryptocurrency markets, and up 20 percent from 2022 lows. After plunging 88 percent from May 2021 highs, there are flickers of hope for bulls. Thus far, LINK is stable on the last trading day and breaking out from the bear flag. However, the resilience of bulls...
