Chainlink Rejected At Key Mathematical Level, But Geometry Points To Upside
Chainlink is the best performing crypto asset of the top ten cryptocurrencies by market cap in 2020, and the years prior since it first came into existence. And although the peak in 2020 could very well be in for now, and a massive rejection just occurred at a pivotal mathematical level, a bullish chart pattern […]
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Chainlink (LINK) started a fresh increase, but it struggled to clear the $11.00 resistance. There is now a risk of a sharp decline below $10.50 if there is no break above $11.00. Chainlink token price is struggling to gain momentum above $11.00 and $11.10 against the US dollar. The price is still trading well above […]
Chainlink has firmly broken above the $13.00 level that has been suppressing its price action for the past few weeks. This is a notable breakout and suggests that the crypto may be on the cusp of seeing significantly further upside. Its price has been stuck below this level for the past several weeks, and breaking […]
Long-time readers of CCN may remember me. I was a technical analyst in 2014 reporting on Bitcoin price from a traders’ perspective. I believe many readers will find my analysis a bit different from those of other technical analysts. While I am familiar with the indicators used by many traders, I rely on geometry first and foremost, as well as other more esoteric indicators. This will likely seem strange to traders who have never considered geometry a trade-able tool in the markets. (My thanks to Eduardo Altmann of Gunner24, who taught me the value of geometry in trading.) When writing my....
Chainlink has been struggling to break above $11.00 throughout the past few days and weeks. This level has become a strong resistance for the cryptocurrency, and both bulls and bears have largely reached an impasse. Although Chainlink has a history of forming price trends independent of the rest of the market, it has lost some […]
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 […]