This Indicator Suggests Chainlink is Poised to See a Serious Rebound
Chainlink’s price action has been all over the place throughout the past few weeks, with it first seeing a bout of capitulation that sent it to lows within the $7.00, before it was able to post a strong rebound that led it up to highs of $11.20. Unfortunately for LINK bulls, the cryptocurrency has not […]
Related News
A brief pause in the Chainlink (LINK) uptrend has prepared the token for a major bull run. That is according to a technical indicator that has emerged following LINK’s latest rebound. Dubbed as “Bull Flag,” the pattern appears as a downside correction during an uptrend. Most traders treat its occurrence as a sign of bullish […]
DeFi tokens like Chainlink and Yearn.Finance dominated the crypto market all throughout the summer months. But a recent shift in sentiment has prompted investors to derisk and these same coins have been crashing deeply. And while there’s no certainty that a reversal is near, a buy setup has triggered on these two once top-performing tokens that could at least provide a dead cat bounce it the short term. Chainlink Readies Rebound Following 50% Fall From […]
Chainlink recently saw a record-breaking rebound, closing an intraday rally with more than 30% gains on the day. The recovery kept climbing but has since turned around at the top of a downtrend channel that thus far has been holding. Will the downtrend take the cryptocurrency lower? And what other factors back up any theories […]
Chainlink has been severely underperforming Bitcoin throughout the past few weeks, with the crypto remaining well below its 2020 highs despite Bitcoin’s strength Many altcoins have seen similar performance, as the proverbial ‘altseason’ that investors are watching for remains elusive The crypto has seen a notable rebound throughout the past few days, with its price […]
Chainlink has traded over 500 days in a tight range between $5 and $9. While it might feel as though there is no end in sight to the sideways price action in LINK, a high time frame momentum change could finally send prices out of this range ands soaring higher. Here’s why. Chainlink On The […]