LINKUSD: Symmetrical Triangle Signals Possible Breakout#LINKUSD – Technical Analysis
CMP: $26.30
Chart Pattern: Symmetrical Triangle
Key Observations:
LINKUSD is currently trading within a symmetrical triangle formation, indicating a phase of consolidation. A breakout from this pattern may potentially lead to directional movement, depending on v
CHAINLINK IS THE KING🔍 CRYPTO:LINKUSD Technical Analysis – Long-Term Outlook
1. Price Channels
LINK is moving within a long-term ascending channel (yellow lines).
Support: Lower trendline.
Resistance: Upper trendline, rejected at point I.
A secondary mid-channel (red) shows consolidation phases.
2. Elliott Wave
Will LINK Price Rise 2x Before 2024 End?
Examining the weekly chart, it's evident that LINK's price was previously deflected from a major zone that once acted as support but has now turned into a supply zone, pushing the price downwards.
However, on the daily chart this month, LINK's price has shown growth, breaking through the 20-day a
Analysts Anticipate 20% Hike In Chainlink Price Above This Zone Analysts Anticipate 20% Hike In Chainlink Price Above This Zone
Chainlink price DAA divergence indicator highlights the fading strength of bears.
The RSI and 14 day SMA line showcases a bullish crossover indicating a trend shift on the higher side.
While the broader cryptocurrency market prepares
What Daily Chart Of LINK has Developed?
The area around $13 to $13.147 is proving to be a significant resistance zone, for the daily TF movement. It is likely to act as a barrier to any short-term rallies and could create a struggle in Chhainlink. But surpassing this struggle would lead to the next resistance at $16.384.
On the contrar
What Lies Ahead In LINK's Daily Chart?
The Chainlink (LINK) overall trend is a bearish trend, as the prices are below the 50-day and 200-day EMA bands. There is mixed logic that has created uncertainty for its future price movement.
However, the price is above the demand zone and shows a bullish presence on it. Likewise, the MACD has f
LINK Forecast And Indicators Resolve
The major indicators signifying bearishness, as EMA bands showed price traded below the death cross, and MACD showed a bearish cross. However, the RSI showed a resurgence from oversold territory, where it flashed at 31.04.
Therefore, the resistance is at $15 and $17, which is followed by the suppor
The MACd shows a bullish crossThe Chainlink (LINK) price has displayed a bull's presence this week as it followed an upward trendline and surged 9.18% on the basis of its price performance.
Additionally, on an intraday basis, the LINK has advanced 1.03%, where the price traded at $14.397 (at press time).
As per CoinMarketCap,
if the demand for the remains high,The LINK price showed that it rose from September 2023 from the level of $5.8, and after taking a halt somewhere at $13 for nearly three months, the rally made a top of $22.85 by March 11th, 2024.
The price ended up violating the uptrend thereon by making new lower lows and highs on the daily chart
Link/Chainlink USDT Trade Idea - Link followed my second path where it trapped a lot of late buyers evaporated BSL and came back to the point of origin and shooter up again
- If you are interested in buying Link then I would highly recommend you guys to wait because the RR as per the current price doesn't look good
- 12-14$ can
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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