Chainlink (LINK)

Chainlink [LINK] Watches Bulls And Bears Tussle In Its Market

November 20, 2020 by Sahana Kiran

Chainlink [LINK] has undoubtedly aided the growth of the crypto-verse this year. Almost all the coins of the crypto industry at press time were witnessing dainty changes in their price. While Litecoin was seen outperforming every other coin, Bitcoin was seen enduring a slight setback. LINK was seen taking a break as it was surging by only 0.25% over the last 24-hours. The coin was trading at $13.57, during the time of writing. The coin had taken over the fifth position on the crypto ladder as its market cap stood at $5.324 billion.

Chainlink [LINK] 1 Hour Price Chart

In the one-hour chart of LINK, the coin reeled in confusion with the formation of a symmetrical triangle pattern. The upper trend line was formulated with lower highs at $13.79, $13.70, and $13.66. The lower trend was further formed by higher lows at $12.72, $12.98 as well as $13.04. Since the pattern formed in the LINK market was a symmetrical triangle, the direction of the breakout is uncertain.

The 50 daily moving average and the 100 daily moving average were seen siding the bears. The 100 daily moving average was seen resting above the 50 daily moving average which revealed that the LINK market was going to welcome the bears.

Chainlink [LINK] Chart With Key Indicators

The short term price chart of the coin was seen giving out contrasting notions. While the daily moving average indicator highlighted the presence of bears, the other indicators were revealing an inclination towards the bulls.

The Bollinger Band indicator revealed that the volatility in the LINK market was gearing up for a surge. The bands in the indicator were seen diverging and seemed like they were going to widen further. The Stochastic RSI indicator revealed that LINK was in the overbought zone as the marker was over 100 median.

The LINK market was fueled with confusion right from the pattern that was formed. However, key indicators were seen taking the side of the bulls.

XRP, Chainlink, Bitcoin Cash Technical Analysis On 16th November 2020

November 16, 2020 by Chayanika Deka

Bitcoin’s rejection from the crucial level of a little over $16K triggered a minor sell-off in altcoins such as XRP, Chainlink, and Bitcoin Cash among others. The global market cap stood firm at $459.2 billion as Bitcoin’s dominance neared to 65%.

XRP:

XRP has been trapped below $0.269 and its upward attempt took a hit after registering a decline of 1.31% over the past 24-hours, XRP was down by 1.31%. Despite the dip, XRP geared up for a much-anticipated breach as it climbed to $0.268 while holding a market cap of $12.18 billion and a 24-hour trading volume of $3.27 billion.

The dotted markers of the Parabolic SAR aligned below the XRP price candles supporting the coin from a drop depicting a growing bullish pressure. The RSI also rose above the 50-median line depicting a phase of increasing buying pressure in the coin market.

If the range to the upside is resolved, XRP bulls could push the coin’s price to $0.296, a level not seen since the first week of September. The support level for the coin stood at $0.235

Chainlink [LINK]:

Chainlink [LINK] was priced at $12.16 after noting a decline of 1.92% over the past day. At the time of writing, LINK recorded a market cap of $4.77 billion and a 24-hour trading volume of $1.02 billion.

The red closing bars of the Awesome Oscillator depicting a switch to the bullish momentum following the latest pullback. Chaikin Money Flow also dropped below the zero-line suggesting decline in the inflow of capital into the coin market.

Downward pressure could bring the coin’s value to retest support area of $10.43 as it failed to breach the crucial resistance of $13.03.

Bitcoin Cash [BCH]:

Following the hard fork, Bitcoin Cash [BCH] noted a drop of 3.36% over the last 24-hours which drove the price to $243.6 as it registered a market cap of $4.52 billion and a 24-hour trading volume of $2.84 billion.

After being stuck in a tight range, BCH exhibited a strong bearish pressure as depicted by both Klinger Oscillator as well as MACD indicator.

If Bitcoin Cash fails to reverse its short-term downtrend, it could potentially face a fall to its immediate support level of $218 while its resistance remained unbreached $273.

Litecoin, Bitcoin Cash, Chainlink Technical Analysis On 13th November 2020

November 13, 2020 by Sahana Kiran

During the time of writing several coins were seen recording significant surges. Litecoin was one such coin that was under the crypto spotlight. While Bitcoin was enjoying its stay above $16K, it was dominating the market by over 65%. The global crypto market cap was evidently headed towards $500 billion. At press time, the market cap was noted at $461.93 billion.

Litecoin [LTC]

Litecoin was outshining every crypto asset in the industry. The coin was surging by over 7% over the last 24-hours and was priced at $63.30 during the time of writing. LTC had also climbed up the crypto ladder and stood as the seventh-largest cryptocurrency with a market cap of $4.169 billion.

A conflict was observed in the LTC market as the indicators used on the short term chart of digital silver were exhibiting diverging aspects. The MACD line took over the signal line and formed a bullish crossover. However, the Klinger Oscillator had converged once again and formed a bearish crossover.

Bitcoin Cash [BCH]

With just a few days left for the big BCH hard fork, the altcoin was seen slumping. Bitcoin Cash was also surpassed by Chainlink in terms of market cap as the former’s market cap fell below $4.7 billion. During the time of writing, BCH was trading for $253.83 with a 1.38% drop over the last 24-hours.

The BCH market was seen slowing making space for the bulls after while a few bears remained intact. The Relative Strength Index indicator was seen below the 50 median and still revealed a sellers’ sentiment. The RSI marker showed that the coin was recovering from the oversold zone following the imminent hard fork. The Awesome Oscillator, however, formed a green closing bar indicating the presence of bulls in the BCH market.

Chainlink [LINK]

After an entire week of delivering a notable performance, LINK was seen walking down the sober lane. The altcoin was seen recording a dainty increase of 0.65% over the last 24-hours. LINK stood as the fifth-largest cryptocurrency with a market cap of $5 billion. Over the week, LINK managed to garner up 10.76% worth of gains.

LINK was going to prolong its uptrend. The Parabolic SAR indicator laid down dotted lines below the candlesticks and eliminated the possibility of a downward breakout. The Chaikin Money Flow was seen well rested in the bullish zone.

Ethereum, Chainlink, Polkadot Technical Analysis On 12th November 2020

November 12, 2020 by Sahana Kiran

The bulls and the bears were tussling in the crypto-verse. While coins like Ethereum and Bitcoin were seen siding the bulls, almost every other coins were getting cozy with the bears, Bitcoin created quite a stir after it touched $16K for a brief period. The global market cap, at the time of writing, was $455.18 billion with a 1.56% daily increase.

Ethereum [ETH]

The second-largest cryptocurrency ETH was seen contributing to the uptrend that the crypto market was trying to get on. ETH had traveled beyond $400 many times this year and has once again gone that road. During press time, ETH was trading for $461.43 with a 1.19% increase since the last 24-hours. Over the last week, the coin managed to secure gains up to 15.67%.

A sense of contradicting heeds was observed in the ETH market. The Chaikin Money Flow [CMF] indicator was seen in the bullish area. However, the marker seemed to be heading down towards the bearish realm. The Awesome Oscillator had already switched sides by forming red closing bars.

Chainlink [LINK]

LINK had pushed BCH down and took over its position as the fifth-largest cryptocurrency. LINK’s market cap was noted at $4.994 billion at the time of writing while its price stood at $12.76. The coin had witnessed immense gains over the past few weeks, it was one of the top gaining coins as it incurred gains upto 24.13% in the last seven days. However, during press time, the coin was slumping by 1.58%.

LINK’s one hour price chart revealed that the coin was headed towards a trend reversal. The Parabolic affirmed the presence of bulls by laying out dotted lines below the candlesticks barricading the possibility of a downward breakout. The Klinger Oscillator also affirmed the same by forming a bullish crossover.

Polkadot [DOT]

DOT was seen aiding the bears by dropping down. The altcoin was trading for $4.41 at the time of writing. The fairly new coin secured a position in the top ten with a market cap of $3.865 billion. The DOT market also garnered gains of over 8.22% over the last seven days.

The bears had taken over the DOT market. In the short-term price chart of the coin, the MACD indicator formed a bearish crossover with the signal line above the MACD line. The Relative Strength Index also revealed a sellers’ sentiment as the marker was below 50 median.

Polkadot, Tezos, Chainlink Technical Analysis On 11th November 2020

November 11, 2020 by Sahana Kiran

A reversal of trend was underway as the entire crypto community was turning green since yesterday’s dainty slump. Polkadot along with a few other coins like Ethereum and Chainlink was seen contributing to this change. The global market cap of the crypto-verse was also in sync with the current market as it was surging by 0.36% pushing the final digits to $447.38 billion. After garnering gains up to 12.35% over the last seven days, Bitcoin was dominating the crypto market by 63.9%.

Polkadot [DOT]

This fairly new coin caught the eye of many with its entry into the top ten. Even though DOT fell off a few spots, it continued to remain in the top ten with its market cap at $3.952 billion. At the time of writing, DOT had surged by 2.66% over the last 24 hours, pushing its price to $4.51. The altcoin managed to secure gains up to 13% over the last seven days.

The Parabolic SAR indicator formed dotted lines below the candlesticks and immunized DOT from any potential downward breakout. The Relative Strength Index indicator also followed suit by revealing strong buyers’ sentiment in the DOT market. The DOT market was seen recovering from its recent trip to the overbought zone.

Tezos [XTZ]

XTZ was also seen aiding to the reversal of trends that the crypto market is headed towards. After acquiring gains of over 15% over the last seven days, the altcoin was trading at $2.14, during the time of writing. XTZ was surging by 1.61% over the past 24-hours with a market cap of $1.606 billion.

It seemed like XTZ was going the other way as a bearish sentiment was witnessed in the XTZ market. The Awesome Oscillator welcomed the bears with the formation of red closing bars. The MACD line slumped below the signal line and formed a bearish crossover.

Chainlink [LINK]

LINK was the star of the last week following a 28.28% surge over the last seven days. Similar to Polkadot, Chainlink also entered the crypto sphere recently. The altcoin was trading for $13.11, at the time of writing and was increasing by 2.81% over the previous 24-hours.

The uptrend that has been taking over the market is rather temporary as the bears were prepping to enter it. The Chaikin Money Flow indicator bid adieu to the bullish realm and was journeying into the bearish territory. The Klinger Oscillator formed a bearish crossover and revealed its stance to the community.

Chainlink, Tezos, Stellar Lumens Technical Analysis On 10th November 2020

November 10, 2020 by Chayanika Deka

The cryptocurrency market, including numerous altcoins along with Chainlink, Tezos, and Stellar Lumens, was in the consolidation phase as a minor pullback triggered a retreat. The global market cap decreased by 1.39 percent over the last 24 hours and currently stands at $440.3 billion.