Lorenzo Stroe
Independent Analyst
- LINK/USD is getting even more continuation after a tremendous bull rally already.
- ChainLink price is currently $8.32 way above the daily 12-EMA.
ChainLink is one of the best performing coins in the last two weeks after a massive 100% bull rally. LINK is up 450% since the low of March 13 and continues climbing the market capitalization ladder. ChainLink is now fairly close to Bitcoin SV and Cardano, both at $3.3 billion.
LINK/USD daily chart
-637304254832073042.png)
Obviously LINK price is getting pushed by the FOMO while the RSI remains extremely overextended. If LINK starts consolidating, the $8 psychological level will be the nearest support point followed by $7 and the daily 12-EMA.
LINK/USD 4-hour chart
-637304255016135898.png)
The 4-hour chart is surprisingly healthy with short periods of consolidation followed by clear continuation moves. The bulls have been defending the 12-EMA several times in a row. The RSI is currently overbought and LINK is forming a bearish reversal candlestick.
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?