Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Chainlink’s price has only moved by 1.48%, but its price action seems to have found a more elevated support level.
Consequently, this has considerably increased the pace of price upside retracement. Let’s further examine this market for better judgment.
LINK Statistics
Chainlink Value Now: $7.94
LINK Market Cap: $4,261,847,835
LINK Circulating Supply: 538,099,970
Chainlink Total Supply: 1,000,000,000
Chainlink CoinMarketCap Ranking: 21
Major Price Levels:
Top: $7.94, $8.50, and $9.00
Base: $7.50, $7.00, and $6.50
Chainlink Price Action Seems to Have Acquired a Higher Base
On the Chainlink daily chart, it could be seen that price action about seven trading sessions ago burst through the price ceiling at $8.00 as expected. But the reaction to this was a sharp downward correction in prices.
However, buyers were able to abate the downside correction not too much below the $7.50 price mark. Consequently, this suggests that price action may have found strong support here, as price action has extended the upside retracement for the second trading session.
Going by the Bollinger Bands, it appears that volatility is high in this market. Additionally, the Stochastic Relative Strength Index indicator continues to approach a bullish crossover. This may offer more upside traction if eventually achieved.
LINK Corrects Off the $8.00 Mark
The LINK/USDT 4-hour chart reveals that price action has minimally corrected off the $8.00 price mark very recently. Nevertheless, price action remains significantly above the middle limit of the Bollinger Bands indicator.
Also, here, it appears that volatility is moderate. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines have crossed above the equilibrium level. Although the bars of this indicator are now pale green, which indicates that buyers may be exiting.
Also, the Stochastic RSI indicator lines are now trending somewhat sideways. Consequently, this suggests that the perceived correction may be transient. Yet, traders should exercise caution in their prediction of a price retracement towards the $9.00 mark.
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
