• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $13.5

by
December 7, 2020
in Uncategorized
0
Charted: Chainlink (LINK) Looks Ready For Another Leg Higher Over $13.5
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Chainlink (LINK) is holding the key $12.50 support level, similar to bitcoin at $18,500. The price is likely to start a strong increase above $13.50 as long as it is above $12.50.

  • Chainlink token price is consolidating above the key $12.50 support against the US dollar.
  • The price is now facing hurdles near $13.50 and the 100 simple moving average (4-hours).
  • There is a key contracting triangle forming with resistance near $13.50 on the 4-hours chart of the LINK/USD pair (data source from Kraken).
  • The price is likely to break above $13.50 unless there is a clear break below $12.50.

Chainlink (LINK) Could Rally above $13.5

In the past few sessions, there were mostly range moves in bitcoin, Ethereum, ripple bitcoin cash, chainlink (LINK), and other major altcoins. LINK price started a short-term downside correction after it failed to stay above $14.00.

Related articles

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

January 22, 2021
TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

January 22, 2021

A high was formed near $14.25 before the price declined below $13.50 and $13.00. However, the bulls protected the main $12.50 support area. A low is formed near $12.50 and the price is currently rising. There was a break above the $13.00 level.

The price even spiked above the 50% Fib retracement level of the recent drop from the $14.25 swing high to $12.50 swing low. It is now facing hurdles near $13.50 and the 100 simple moving average (4-hours).

Chainlink (LINK)

Source: LINKUSD on TradingView.com

There is also a key contracting triangle forming with resistance near $13.50 on the 4-hours chart of the LINK/USD pair. The triangle resistance coincides with the 61.8% Fib retracement level of the recent drop from the $14.25 swing high to $12.50 swing low.

A clear break above the $13.50 resistance zone might increase the chances of a sharp upward move above $14.00. The next key resistance is at $14.25, above which the price might rise towards $15.50 and $16.20.

Downsides Supported?

An initial support for chainlink’s price is near the $13.05 and $13.0 levels. The first major support is forming near the $12.80 level and the triangle lower trend line.

If there is a downside break and close below the triangle support zone, the price could revisit $12.50. Any more losses may possibly start a strong downward move below $12.00 and $11.80.

Technical Indicators

4-hours MACD – The MACD for LINK/USD is struggling to gain momentum in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI for LINK/USD is currently close to the 50 level.

Major Support Levels – $13.00, $12.80 and $12.50.

Major Resistance Levels – $13.50, $13.80 and $15.00.

Share76Tweet47

Related Posts

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

by
January 22, 2021
0

Justin Roiland, the co-creator of the Adult Swim cartoon series Rick and Morty has joined the growing trend of celebrity...

TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

by
January 22, 2021
0

Bitcoin price is down over 15% and it broke many supports near $32,000 against the US Dollar. BTC even traded...

Sequoia Software Firm to Pay Employees in Bitcoin

Sequoia Software Firm to Pay Employees in Bitcoin

by
January 22, 2021
0

United States-based Sequoia Software Firm is the latest to offer its employees the option to receive part of their salaries...

Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares

Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares

by
January 22, 2021
0

After a court ruling, a temporary restraining order has been issued against Ripple limiting its XRP sales. (Read More)

How To Buy Bitcoin and Crypto With Paypal in 2021

How To Buy Bitcoin and Crypto With Paypal in 2021

by
January 22, 2021
0

In November 2020, PayPal announced that all US users would be able to buy bitcoins and 3 other cryptocurrencies (LTC,...

Load More
  • Trending
  • Comments
  • Latest
Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

Privacy Coins Monero, Dash, and Zcash to be Delisted on Bittrex, Dash Unhappy with Decision

January 4, 2021
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020

New Mining Centers Increase North American Market

December 6, 2020

Services Could Help Investors Rate Crypto Currencies

December 6, 2020
Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

Rick and Morty Creator Sells NFT Art Collection for Over $1 Million in Ether

January 22, 2021
TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

TA: Bitcoin Nosedives To $28.5K, Why Important Support Turned Resistance

January 22, 2021
Sequoia Software Firm to Pay Employees in Bitcoin

Sequoia Software Firm to Pay Employees in Bitcoin

January 22, 2021
Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares

Ripple Handed a Temporary Restraining Order Limiting XRP Sales until Investor Tetragon Has Sold Back Its Shares

January 22, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Pantera Capital
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tether (USDT)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.