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.
Key Highlights
LINK has a target price of $22 if the current resistance is breached
The crypto recovered after a breakdown to $14.05 low
Chainlink (LINK) Current Statistics
The current price: $15.62
Market Capitalization: $15,614,066,289
Trading Volume: $2,520,246,649
Major supply zones: $18.00, $20.00, $22.00
Major demand zones: $8.00, $6.00, $4.00
Chainlink (LINK) Price Analysis January 9, 2021
Today, LINK is falling after rejection from the $17 resistance zone. The coin has fallen to $15 at the time of writing. Since November the crypto has been fluctuating between $10 and $14. On January 1, the coin rebounded above $11 support to resume upside momentum. The price has broken the resistance at $14 and rallied to $17 high. Presently, the coin has retraced to the support above $14. LINK is fluctuating above the $14 support. If the bulls break the $17 resistance, the coin will reach the target price of $22.
Chainlink Technical Indicators Reading
Chainlink is at level 61 of the Relative Strength Index period 14. The coin is in the uptrend zone and capable of a further upward . The downtrend will resume if price breaks below the bullish trend line.
Conclusion
LINK has resumed upside momentum but presently faces resistance at $17. The Fibonacci tool indicated an upward movement of the coin. On January 6 uptrend, a retraced candle body tested the 50% Fibonacci retracements level. The retracement indicates that LINK is likely to rise to level 2.0 Fibonacci extensions. That is the high of level $21.67.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus