No Result
View All Result
Subscribe
Thursday, February 25, 2021
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact
No Result
View All Result
CRYPTOCURRENCIESNEWS
No Result
View All Result
Home Crypto News

Charted: Chainlink (LINK) Holding Uptrend Help, Why It Might Rally Once more

by admin
January 20, 2021
in Crypto News
Charted: Chainlink (LINK) Holding Uptrend Help, Why It Might Rally Once more

Chainlink (LINK) rallied in the direction of the $24.00 stage earlier than correcting decrease, much like bitcoin and Ethereum. The worth is now buying and selling close to a significant help zone at $20.00.

Chainlink token value traded as excessive as $23.79 earlier than beginning a draw back correction towards the US greenback.
The worth is buying and selling above the $20.00 help and it’s properly above the 100 easy transferring common (4-hours).
There’s a connecting bearish development line forming with resistance close to $21.70 on the 4-hours chart of the LINK/USD pair (information supply from Kraken).
The worth may lengthen losses in the direction of $18.20 earlier than beginning a recent improve within the close to time period.

Chainlink (LINK) Corrects Decrease

After a transparent break above $20.00, chainlink (LINK) prolonged its rally. It even surged above the $22.00 stage and settled properly above the 100 easy transferring common (4-hours).

It traded as excessive as $23.79 earlier than beginning a draw back correction. There was a break under the $22.00 and $21.20 help ranges. There was additionally a transparent break under a contracting triangle with help close to $21.50 on the 4-hours chart of the LINK/USD pair.

The bulls misplaced management and the worth spiked under the $20.50 stage. Nevertheless, the decline was restricted and the worth traded as little as $19.90. LINK is now buying and selling above the $20.00 help and it’s properly above the 100 easy transferring common (4-hours).

Supply: LINKUSD on TradingView.com

An preliminary resistance for LINK is close to the $20.80 stage. It’s near the 23.6% Fib retracement stage of the latest decline from the $23.79 excessive to $19.90 low.

Furthermore, there’s a connecting bearish development line forming with resistance close to $21.70 on the identical chart. The development line is near the 50% Fib retracement stage of the latest decline from the $23.79 excessive to $19.90 low. A transparent break above the development line resistance and $22.00 may open the doorways for a recent push in the direction of $24.00 and $25.00.

Extra Losses?

If chainlink’s value fails to proceed larger above $21.70 and $22.00, it may appropriate additional decrease. The primary main help is close to the $20.00 stage.

The subsequent main help is close to the $18.20 stage (the final breakout zone), the place the bulls are prone to take a powerful stand within the close to time period.

Technical Indicators

4-hours MACD – The MACD for LINK/USD is gaining momentum within the bearish zone.

4-hours RSI (Relative Power Index) – The RSI for LINK/USD is presently near the 50 stage.

Main Help Ranges – $20.00, $19.10 and $18.20.

Main Resistance Ranges – $20.80, $21.70 and $22.00.

ShareTweetShare

Related Posts

Andreessen Horowitz leads $25M spherical for Optimism's L2 scaling answer
Crypto News

Andreessen Horowitz leads $25M spherical for Optimism's L2 scaling answer

February 25, 2021
Meme pioneer launches NFT lolcats on OpenSea
Crypto News

Meme pioneer launches NFT lolcats on OpenSea

February 25, 2021
DEX volumes have already surpassed $120b in 2021
Crypto News

DEX volumes have already surpassed $120b in 2021

February 25, 2021
India’s largest crypto change adopts decentralized Unstoppable Domains
Crypto News

India’s largest crypto change adopts decentralized Unstoppable Domains

February 25, 2021
Bitcoin whale from 2010 strikes 100 BTC for first time in 11 years
Crypto News

Bitcoin whale from 2010 strikes 100 BTC for first time in 11 years

February 25, 2021
Golem (GLM) value rallies 230% to hit a 3-year excessive after protocol improve
Crypto News

Golem (GLM) value rallies 230% to hit a 3-year excessive after protocol improve

February 25, 2021

Most Read

No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop

No-loss lottery PoolTogether cracks 50 million in deposits after token airdrop

February 20, 2021
Exmo crypto alternate suffers hack, halts all withdrawals

Exmo crypto alternate suffers hack, halts all withdrawals

December 21, 2020
JPMorgan Chase execs weigh in on stablecoin regulation, crypto competitors

JPMorgan Chase execs weigh in on stablecoin regulation, crypto competitors

January 16, 2021
XRP value beneficial properties 86% after Wall Road Bets’ crypto wing says 'pump it'

XRP value beneficial properties 86% after Wall Road Bets’ crypto wing says 'pump it'

January 31, 2021
Blockchain-based Gaming Platform Exceedme Publicizes Strategic Buyers And Companions

Blockchain-based Gaming Platform Exceedme Publicizes Strategic Buyers And Companions

December 27, 2020
Chainlink hits new highs, however is LINK about to drag one other 150% parabolic transfer?

Chainlink hits new highs, however is LINK about to drag one other 150% parabolic transfer?

February 10, 2021
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact

Copyright © 2020 CryptoCurrenciesNews | All Rights Reserved

No Result
View All Result
  • Home
  • Crypto News
  • Offers
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • DMCA Notice
  • Contact

Copyright © 2020 CryptoCurrenciesNews | All Rights Reserved

  • BTC

    (USD 50,429.62)

    -236.03%
  • ETH

    (USD 1,635.08)

    -42.87%
  • XRP

    (USD 0.47)

    -0.0213%
  • BCH

    (USD 533.38)

    -15.16%
  • EOS

    (USD 3.94)

    -0.149%
  • LTC

    (USD 182.97)

    -3.69%
  • ADA

    (USD 1.05)

    0.007%
  • XLM

    (USD 0.41)

    -0.0159%
  • MIOTA

    (USD 1.20)

    -0.0918%
  • NEO

    (USD 41.80)

    -1.46824%
  • XMR

    (USD 208.53)

    -13.26168%
  • DASH

    (USD 239.80)

    -16.29%
  • TRX

    (USD 0.05)

    0.00019%
  • XEM

    (USD 0.52)

    -0.02818%
  • USDT

    (USD 1.00)

    0.001%
  • VEN

    (USD 7.86)

    -0.2062%