Analyst: Chainlink Forms Most Bullish Setup Ever as Chance of Upside Grows
Chainlink has been consolidating within the mid-$12.00 region following its recent surge higher. The break into this price region has been significant, and where it trends next will likely depend on its reaction to the resistance established at $13.00. Yesterday, it was able to surge to this resistance level before facing some selling pressure that […]
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An analyst has pointed out how Chainlink is forming a TD Sequential sell signal right now, which could lead to a retracement to this level. Chainlink Could Decline To $12.50 Following The Sell Signal As explained by analyst Ali in a new post on X, LINK could be heading toward a correction based on what the TD Sequential signal says. The “Tom Demark (TD) Sequential” is a popular indicator in technical analysis that is used to pinpoint reversals in the price of any asset (which, in the current discussion, is naturally Chainlink). The metric gives a signal whenever the asset has....
Chainlink (LINK) has experienced a strong decline after peaking at around $20 in August. At the recent lows, the coin traded around as low as $8, meaning that it had declined by 60%. LINK may be poised to revert to its bullish stance though as the coin forms a bottom formation, analysts say. Related Reading: […]
Sharing his daily technical outlook, CryptoWzrd noted in a recent post that Chainlink (LINK) ended the session bullish, hinting at the possibility of further upside. With LINKBTC rebounding from an extreme oversold zone, LINK could be gearing up for its next move upwards. Bullish Daily Close For Chainlink And LINKBTC CryptoWzrd, expanding on his latest analysis, explained that both Chainlink and LINKBTC closed the day with bullish daily candles, a sign that momentum could be building in favor of buyers. This positive structure on higher time frames indicates that sentiment may be shifting....
Dogecoin is currently seeing reasonable upside following the Bitcoin recovery above $71,000. This has sent the whole crypto market into a state of euphoria, and the DOGE price has crossed the $0.16 resistance while at it. This bullish trend is expected to continue, as one analyst points out that Dogecoin has formed a bullish triangle […]
The Ethereum price is once again drawing attention as a strong bullish setup begins to take shape on the charts. Analyst Merlijn the Trader says buyers are stepping in after repeated rebounds, showing that the market could be shifting in favor of the bulls. He points out that momentum is now building, but one key resistance level still stands in the way. According to the analyst, this is the kind of setup that often sparks explosive moves to higher targets. Ethereum Price Forms Triple Bottom Pattern According to Merlijn the Trader, Ethereum is now showing a clear triple bottom pattern on....