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LINK: half road till $8.0 LINK is gradually and steadily moving to higher grounds. Two weeks ago a major panic on the banking market rocketed the prices of the crypto coins to higher grounds, however, LINK was the one to hold steady with an uptrend, making its growth in price more sustainable. LINK started the previous week by testing the $7.0 resistance line, and gradually, over the week reached the highest level at $7.66. Still, at the end of the week, some testing of the $7.0 support line is in progress. The RSI indicator continues to move above level of 50, indicating that the market participants are still more oriented toward the overbought side, which might support the price of LINK in the coming week. Moving averages of 50 and 200 days, are still moving as two parallel lines, meaning that the occurred Golden cross is still on hold. Markets continue to be fragile on all the news surrounding the banking industry lately, so there is some probability that volatility on the market will continue in the weeks to come. Considering that fundamentals are now playing an important role in defining the prices of coins, some precaution is advisable. As per current charts, LINK will start the week ahead by testing the $7.0 support line. There is decreased probability that this line could be breached to the downside. Current charts are more oriented toward the upside, in which sense, LINK might revert from the $7.0 support line and return to its road toward the $8.0 resistance line.
COINBASE:LINKUSD
by XBTFX
LINK: steady growthThe latest banking crisis pushed the crypto market to higher grounds. In a quest to save their deposits, many individuals and companies turned to the crypto market, considering that it is suitable both for holding funds and making payments or funds transfers. Although the main coins on the market were in the spotlight during the previous week, altcoins were also one to gain. LINK started the previous week around level of $6.3 and was pushed to the highest weekly level at $7.3. Compared with the main coins, it could be noted that altcoins gained more sustainable levels, which would probably take some time until they enter into any sort of significant reversals. During the strong push to the upside, the RSI indicator made an incremental move above the 50 level, and is ending the week at the level of 55. The indicator shows that it is still early for an overbought market and that the price of the coin still has space for the move to the upside. Moving averages of 50 and 200 days continue to move as two parallel lines, but the Golden cross from three weeks ago still holds. Markets are still under influence of fundamentals surrounding the banking system in the US. It will take at least another week for crypto coins to find their new levels. At this moment, LINK is testing the $7.0 resistance line and it will continue in the same manner during the start of the week ahead. In case that there is no further strength for the break of $7.0 resistance, then the coin might shortly revert to $6.5, with currently low probability for the $6.0 support line. On the opposite side, there is also a low probability for $7.5 to be tested in the coming week.
COINBASE:LINKUSD
by XBTFX
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS. CHART ANALYSIS:-chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher. LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior. Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60. However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb. As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone. In the short-term bulls may attempt to send the token to $7.50, however, there appear to be several obstacles the way that could prevent this. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BINANCE:LINKUSD
by CryptoSanders9563
2
Opportunity for LINKLINK has been in a horizontal channel for over 200 days atm. If it breaks to the downside, this gives us a good short opportunity. It could find support in the range between 3.8 - 4.3 USD . However, I believe this support to be briefly broken with the result of LINK hitting the 3 USD mark which might just happen if the right market conditions are met. (Mainly what BTC does). I'm looking to buy LINK for the long-term and 3 USD could just be the sweet spot to do so!
COINBASE:LINKUSD
by coxjeffrey
6
LINK: has bottomed?A week after technical indicators formed a so-called Golden cross, negative news hit the market, which spoiled a bit the optimism of technical analysis for LINK. On the other hand, Silvergate Bank went bust, Silicon Valley Bank went bust and FED Chair Powell said that interest rates would most probably be higher than initially anticipated and the rate increase will be at a higher pace in the coming period. It’s just too much for one week. LINK could not perform better than it actually did in such general circumstances. Although $7.0 resistance was a target for LINK at the beginning of the week, still, all the negative news pushed the price to the lowest weekly level at $5.9. Still the coin is ending the week above $6.2, and actually testing the $6.0 support line. RSI reached level of 32 which is quite close, but still not, a clear oversold side. Moving averages of 50 and 200 days are currently moving as two parallel lines, but there is still no indication that MA50 might start its convergence toward its counterpart. At this moment, the Golden cross still holds. Markets will need a few more days until the situation is clear. In this sense, some significant moves should not be expected. Based on current charts, LINK has bottomed around the $6.0 support line and is ready for a short reversal. At this moment, level of $6.5 might be a target for LINK in the week ahead. Whether there will be strength for a return to $7.0 resistance will depend on the further fundamentals covering currently major market topics.
COINBASE:LINKUSD
by XBTFX
Link will break this structureLooking at a low target when it does. After increasing by another 20 million, the circulating supply went above 50% of the max supply recently. That would explain the dump this month. Bearish would be going to $3.50 and that becomes the new center of this structure. I don't think it will follow the upward trend line but that is the same line from my last post and it is really nice that everything closes around the same time. It would look so beautiful and that is why I would be bullish going short.
COINBASE:LINKUSD
by Mycatdorito
ChainLink: Drop Your Ball and Chain! ⛓ChainLink should drop its ball and chain to escape from the current sidewards movement in favor of the expected ascent. From the low of wave (ii) in blue, the altcoin should head for the resistance at $9.50 and surmount this mark to develop wave (iii) in blue. The subsequent countermovement of wave (iv) in blue should happen above this level as well. However, there is still a 33% chance that ChainLink might slip below the support at $6.43, thus triggering further descent below the next mark at $5.38. In that case, we would expect a new low in the form of wave alt.2 in green before fresh upwards movement can take hold.
BINANCE:LINKUSD
by HKCM_Global
Chainlink to $60 (Long Term View)Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉 This also moves similarly to our Bitcoin short analysis, as most Crypto's are still in a corrective phase for the next few months at least🔺Good opportunity for my Crypto Fund investors to profit by shorting the market!
COINBASE:LINKUSDLong
by BA_Investments
5
LINK: a Golden cross?During the previous week LINK was following generally negative market sentiment, coming from negative developments around Silvergate bank. In this sense, the price was oriented toward the downside during the whole week. LINK started the week before around $7.5 short term resistance line, but soon reverted to the downside and lowest weekly level of $6,7. Around this level the coin is finishing the week. RSI was clearly pushed below the 50 line, ending the week around level of 42. This implies that the market is more oriented toward the oversold side, which leaves some space for the price of the coin to move further to the downside. Moving average of 50 days clearly crossed its MA200 counterpart, forming a so-called Golden cross in technical analysis. This represents significant movement as it indicates high potential for a trend reversal. Certainly, it will take a few more days in order for Golden cross to be confirmed, considering that MA50 has slowed down its divergence from MA200 counterpart, with latest price developments. General market sentiment is the one that is currently shaping the price of LINK. In this sense, the week ahead might be another slower one on the crypto market. The price of LINK is clearly heading toward the oversold side, which increases potential for $6,5, a short-term support line to be tested in the coming days. At this moment, there is no indication that the price could go lower from this level. On the opposite side, the resistance line at $7,0 could be tested once again.
COINBASE:LINKUSD
by XBTFX