LINK/USDT 1DAY UPDATE BY CRYPTO SANDERS !!hello, welcome to this LINK/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Chainlink (LINK) snapped a four-day losing streak on Monday, despite the global market cap mostly tracking lower to start the week.
Following a low of 7.32 on Sunday, LINK/USD jumped to a peak of 7.54 earlier today.
Monday’s move sees the chainlink edge closer to a key resistance level of 7.65, which was last truly broken on July 30.
an upward crossover between the 10-day (red) and 25-day (blue) moving averages looks imminent.
there is a strong possibility that Chainlink may not only move past the aforementioned ceiling but closer to the 8.00 level.
LINK is tracking at 7.38.
I have tried to bring the best possible outcome to this chart.
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Thank you
Btclink
Chainlink wants to MOVEChainlink has been in a downtrend from almost two years (522 days).
- Chainlink is arguably one of the most undervalued altcoins, next to Litecoin
- Chainlink will bridge the gap of traditional finance/banking to digital finance/banking
- $LINK could go to $1000 this season
- BTC.D is at a low (39%)...
- Chainlink is breaking out of resistance
- RSI is currently overbought so expect a slight pullback before continuation to ATHs
- MACD confirmed bullish cross last week which led to this PA
I fully expect link tp hit $50 in the next month. It has broke resistance, downtrend, and is currently stealing the show. Chainlink's applications make it a STRONG investment in the FUTURE of finance.
IS LINK ACTING AS A LEADING INDICATOR FOR ALTCOIN SEASON?
NFA. DYOR.
Good Luck,
- Mr Bitcoin Baron
LINK/BTCKeep it simple!
Looking at LINK on the daily, we can see LINK came down perfectly to the green range (buy area) and held this level as support. For those that took this trade, you would have taken by now 6 profit targets (orange boxes), and made on this trade over 160%! By this point most of your trade should be out.
The red box is a range where LINK must close above in order to continue the trend. At this range I would start hedging shorts, as a rejection in this range would signify a reversal. If the red box is broken I see LINK going to the levels of 45000 and 55000 Sat's. These are the next ranges I would take profit.
For now we must see a daily candle hold above 36700 Sat's to continue this rally.
A this point I would be cautious, as many including myself have made massive amounts of profit on this trade, so I favour a reversal more likely.