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LINK

LINK: steady growthThe latest banking crisis pushed the crypto market to higher grounds. In a quest to save their deposits, many individuals and companies turned to the crypto market, considering that it is suitable both for holding funds and making payments or funds transfers. Although the main coins on the market were in the spotlight during the previous week, altcoins were also one to gain. LINK started the previous week around level of $6.3 and was pushed to the highest weekly level at $7.3. Compared with the main coins, it could be noted that altcoins gained more sustainable levels, which would probably take some time until they enter into any sort of significant reversals. During the strong push to the upside, the RSI indicator made an incremental move above the 50 level, and is ending the week at the level of 55. The indicator shows that it is still early for an overbought market and that the price of the coin still has space for the move to the upside. Moving averages of 50 and 200 days continue to move as two parallel lines, but the Golden cross from three weeks ago still holds. Markets are still under influence of fundamentals surrounding the banking system in the US. It will take at least another week for crypto coins to find their new levels. At this moment, LINK is testing the $7.0 resistance line and it will continue in the same manner during the start of the week ahead. In case that there is no further strength for the break of $7.0 resistance, then the coin might shortly revert to $6.5, with currently low probability for the $6.0 support line. On the opposite side, there is also a low probability for $7.5 to be tested in the coming week.
COINBASE:LINKUSD
by XBTFX
LINK/USDT 1DAY UPDATE BY CRYPTOSANDERSHello, welcome to this LINK/USD update by CRYPTO SANDERS. CHART ANALYSIS:-chainlink (LINK) was also in the green in today’s session, with prices trading by as much as 7% higher. LINK/USD rose to a peak of $7.17 earlier in today’s session, after falling to a floor at $6.57 the day prior. Friday’s rally came after LINK bears failed to sustain a breakout at a long-term support point of $6.60. However, bulls were able to move past a point of resistance at 50.00 on the RSI, which was one of the catalysts of today’s climb. As of writing, the index is tracking at 52.71, which is close to a ceiling at the 54.00 zone. In the short-term bulls may attempt to send the token to $7.50, however, there appear to be several obstacles the way that could prevent this. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BINANCE:LINKUSD
by CryptoSanders9563
3
LINK: has bottomed?A week after technical indicators formed a so-called Golden cross, negative news hit the market, which spoiled a bit the optimism of technical analysis for LINK. On the other hand, Silvergate Bank went bust, Silicon Valley Bank went bust and FED Chair Powell said that interest rates would most probably be higher than initially anticipated and the rate increase will be at a higher pace in the coming period. It’s just too much for one week. LINK could not perform better than it actually did in such general circumstances. Although $7.0 resistance was a target for LINK at the beginning of the week, still, all the negative news pushed the price to the lowest weekly level at $5.9. Still the coin is ending the week above $6.2, and actually testing the $6.0 support line. RSI reached level of 32 which is quite close, but still not, a clear oversold side. Moving averages of 50 and 200 days are currently moving as two parallel lines, but there is still no indication that MA50 might start its convergence toward its counterpart. At this moment, the Golden cross still holds. Markets will need a few more days until the situation is clear. In this sense, some significant moves should not be expected. Based on current charts, LINK has bottomed around the $6.0 support line and is ready for a short reversal. At this moment, level of $6.5 might be a target for LINK in the week ahead. Whether there will be strength for a return to $7.0 resistance will depend on the further fundamentals covering currently major market topics.
COINBASE:LINKUSD
by XBTFX
LINKUSDT looks bearish now (NEW)LINKUSDT looks bearish as the price has created lower highs due to getting rejected from the downsloping resistance. Currently the price is sitting on the support where we can expect a bounce towards the downsloping resistance. However, if it keeps getting rejected and the key support fails, we may see lower prices. How to trade: Enter short at the resistance. Take profit levels, stop loss and the final target are shown on the chart. Take profit levels can be considered as buy levels if you're DCAing into LINK. Good luck
Short
by vf_investment
LINK - The Castle Is Still Strong 🏰 - Analysis #5/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. LINK has been stuck inside a big range for a couple of months now. At least it hasn't melted like many altcoins during the bear run. 🏹 For the bulls to take over long-term , we still need a break above the entire range / above 9.5 Meanwhile, since we are approaching the lower bound of the range, we will be looking for short-term buy setups . 📉 LINK is now sitting around the orange support zone (6.5) so for the bulls to take over, we need a break above the last H4 high (in gray) If we break below the orange support, then a movement till the green support (5.0) would be expected where we will be looking for new buy setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
LINK: a Golden cross?During the previous week LINK was following generally negative market sentiment, coming from negative developments around Silvergate bank. In this sense, the price was oriented toward the downside during the whole week. LINK started the week before around $7.5 short term resistance line, but soon reverted to the downside and lowest weekly level of $6,7. Around this level the coin is finishing the week. RSI was clearly pushed below the 50 line, ending the week around level of 42. This implies that the market is more oriented toward the oversold side, which leaves some space for the price of the coin to move further to the downside. Moving average of 50 days clearly crossed its MA200 counterpart, forming a so-called Golden cross in technical analysis. This represents significant movement as it indicates high potential for a trend reversal. Certainly, it will take a few more days in order for Golden cross to be confirmed, considering that MA50 has slowed down its divergence from MA200 counterpart, with latest price developments. General market sentiment is the one that is currently shaping the price of LINK. In this sense, the week ahead might be another slower one on the crypto market. The price of LINK is clearly heading toward the oversold side, which increases potential for $6,5, a short-term support line to be tested in the coming days. At this moment, there is no indication that the price could go lower from this level. On the opposite side, the resistance line at $7,0 could be tested once again.
COINBASE:LINKUSD
by XBTFX