I think we will see LINK break the 25k block and move up to as high as 27-28k within the next few days. However, with zero to no news of a "major partnership" I could see link going back to demand zone between 13-18k sats.
Bullish setup on the LINK?USD chart. Long term wedge is looking for a breakout. On top of that, there is an ascending triangle that is looking to breakout as well. If this triangle breaks out like it should, the wedge will break as well. I am targeting $3.30 price target in the short term. This is definitely in play with the hype around the Web3 Summit this week.
Good morning Asia! I hope you have a deserved rest over the weekend and are bright and alert for a fresh new week.
While I await a positive sign/change from ALGO/USDT, I would like to share with you my crypto of the day - LINK/USDT.
It is showing signs of the start of a new uptrend. Retracing from the low of the previous uptrend in April this year (where the...
Pretty simple here, 450 ma squeezing price against 233ma on 4hr. CCI looks great and the confluence of wave-pm consolidation and VFI being on the brink of breaking upward suggest there's gonna be ample enough price action to pull a lot of money in.
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
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We escaped from our falling channel and now this all looks like we are flatting in accumulation zone. Tested our old channel from above. MM is just accumulation position before a huge move. Lets see. Zones of interest and targets are on the chart. Good luck everyone!
This is just my opinion and view of the market. Please keep this in mind and...
After breaking long term resistance (Red Line), LINK/USD experienced a quick uptick in price. Since, LINK has cooled off a bit but has established an uptrend channel (Parallel Black Lines). Price fell heavily today and tested two resistance lines. The first line tested was the major long term resistance (Neon Green Line) starting at June 4th and the second was the...
Chainlink / USD Short-term price analysis
Chainlink has a bullish short-term trading bias, with the cryptocurrency rallying above its 200-period on the four-hour time frame.
The four-hour time frame is now showing that a bullish breakout from a descending triangle pattern is currently underway, placing the current monthly trading back into focus.