LINKUSD is trading inside the 0.5 - 0.618 Fibonacci range of the 18 month Channel Down pattern. The 1D technical outlook is slighly bullish (RSI = 58.592, MACD = 0.070, ADX = 30.217), which means that even though we are not at the start of this uptrend, there is still upside left.
The current rise was achieved after a Low on the 0.786 Fibonacci level. Inside this...
Chainlink on a 1M LOG Chart showing the high and low on Jan 1 2022 assumption.
Circled areas are the touches of the Equilibrium on the Parallel Channel.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...
After Link smoked the 2 targets specified in previous analysis () is still on her way in a nice bullish uptrend channel and she's likely targeted $55 on her channel...
Well, another target $13.50 has been achieved from our global idea , which we published 2 months ago.
If we refer to the previous idea on Link , then the fall started from the indicated point, but stopped near the lower limit of either a bearish wedge or a bearish flag.
Two scenarios can be forecasted for the next week:
1. If the price fixes above $13.50,...
LINK's weakness over the past two weeks is actually impressive. Considering that it is the largest coin among the DeFi projects in terms of capitalization and the second in terms of trading volume. And then, the second it became quite recently, thanks to the launch of its DEX Uniswap coin for project management.
Globally, we see no reason to revise our...
LINKUSD is on a pull back following the uptrend early in January.
Levels to watch:
- 3.2200 is the resistance and 1.6000 the support.
- With the price trading sideways within the resistance and support, a Death Cross in December marked the bottom (near the support). Potentially a Golden Cross may indicate the top (near the resistance).
- The MACD is turning...
