Bullish Turnaround: LINK showcases a bullish turnaround, aiming to end its consolidation phase.
$15 Bullish Breakout: A breakout at $15 signals a bullish comeback and hints at a potential jump to $20.
Rounding Bottom Pattern: The daily price action indicates a rounding bottom pattern with a neckline at $16.56.
Bitcoin's Influence on Altcoins: Bitcoin's uptrend readiness is positively impacting altcoins like Chainlink.
Higher Low Formations: Chainlink's price trend is forming higher lows, surpassing the $15 mark.
Growing Buyer Confidence: Increased confidence in Chainlink suggests a sprint towards $20.
10% Jump in 48 Hours: LINK's price action includes a 10% increase in the last two days, supported by bullish engulfing candles.
Intraday Trading Volume Rise: Rising intraday trading volumes back the ongoing recovery and hint at a longer uptrend.
Current Trading Price: LINK is currently trading at $15.833, indicating a bullish trend continuation.
4H Chart Range Breakout: In the 4-hour chart, LINK reflects a range breakout, signaling a potential entry point for further gains.
Technical Indicators - EMA and RSI: The positive spike in the 50-day EMA and the daily RSI line maintaining a positive trend suggest strong bullish momentum.
Year-to-Date Gain and Whale Interest: With a year-to-date gain of 189% and increasing interest from whales, LINK's bullish potential is significant.
$15 Bullish Breakout: A breakout at $15 signals a bullish comeback and hints at a potential jump to $20.
Rounding Bottom Pattern: The daily price action indicates a rounding bottom pattern with a neckline at $16.56.
Bitcoin's Influence on Altcoins: Bitcoin's uptrend readiness is positively impacting altcoins like Chainlink.
Higher Low Formations: Chainlink's price trend is forming higher lows, surpassing the $15 mark.
Growing Buyer Confidence: Increased confidence in Chainlink suggests a sprint towards $20.
10% Jump in 48 Hours: LINK's price action includes a 10% increase in the last two days, supported by bullish engulfing candles.
Intraday Trading Volume Rise: Rising intraday trading volumes back the ongoing recovery and hint at a longer uptrend.
Current Trading Price: LINK is currently trading at $15.833, indicating a bullish trend continuation.
4H Chart Range Breakout: In the 4-hour chart, LINK reflects a range breakout, signaling a potential entry point for further gains.
Technical Indicators - EMA and RSI: The positive spike in the 50-day EMA and the daily RSI line maintaining a positive trend suggest strong bullish momentum.
Year-to-Date Gain and Whale Interest: With a year-to-date gain of 189% and increasing interest from whales, LINK's bullish potential is significant.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.