0%
Chainlink (LINK) Surges Ahead of Staking v0.2 Release
#crypto trading#TradingView#support and resistance+2 更多标签

Chainlink (LINK) Surges Ahead of Staking v0.2 Release

Discover Chainlink's (LINK) impressive surge ahead of Staking v0.2 release, with insights on MACD signals and potential for continued bullish momentum.

Chainlink (LINK) has witnessed a rapid price surge since breaking out from a long-standing horizontal resistance zone that had persisted for over 500 days. While the current outlook is bullish, it suggests the price may have reached a local peak and could experience a short-term correction before continuing its upward trajectory.

Chart by TradingView

Breaking Free from a Prolonged Range

A closer examination of the weekly timeframe reveals that LINK's price saw substantial gains in October. The uptrend gained momentum after breaching the $9 horizontal resistance, resulting in four consecutive bullish weekly candlesticks.

Remarkably, this resistance zone had remained intact for an impressive 525 days. The rally culminated with LINK hitting a peak of $16.60 last week, achieving a remarkable 130% price increase within just 28 days.

Analysts expressed strong optimism about LINK's future performance, likening it to a decentralized version of an AWS platform, emphasizing its utility and fundamentals.

Chainlink's team recently revealed that 70 projects have joined the build program, affording them enhanced access to Chainlink services and technical support. Additionally, eight ecosystems have been incorporated into the Chainlink Scale program, designed to accelerate chain innovation.

Lastly, Chainlink Staking v0.2 is slated to launch on November 28, further adding to the project's momentum.

When Can We Expect the Uptrend to Resume?

One indicator that tends to work well in predicting LINK's movements lately has been the Moving Average Convergence Divergence (MACD). The MACD works both as a momentum and trend-following indicator.

The MACD sends a buy signal when the histogram turns green and a sell signal when the histogram turns red. So for LINK to reach its next resistance at $35 we will need the MACD to send a buy signal, and for the price to make a new Yearly High. During the last bull run in 2020, LINK was one of the first tokens to experience a very strong bull run; history may repeat itself soon.

收件箱图片

通讯

获取每周电子邮件,其中包括独家加密货币分析和值得阅读的新闻。保持信息和娱乐,免费的。

自动化
您的
交易!

世界级的加密货币自动交易机器人

开始吧
实现交易自动化

相关文章

Bot Trading 101 | How To Apply a Scalping Strategy
#Automated trading strategy#Strategy designer#EMA+3 更多标签

Bot Trading 101 | How To Apply a Scalping Strategy

Cryptocurrencies | BTC vs. USDT As Quote Currency
#Bitcoin#crypto trading#crypto trading tips+2 更多标签

Cryptocurrencies | BTC vs. USDT As Quote Currency

Technical Analysis 101 | What Are the 4 Types of Indicators?

Technical Analysis 101 | What Are the 4 Types of Indicators?

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023
#crypto trading#trading bot#crypto trading tips+2 更多标签

Bot Trading 101 | The 9 Best Trading Bot Tips of 2023

马上免费使用Cryptohopper进行交易!

免费使用——无需信用卡

开始吧
Cryptohopper appCryptohopper app

免责声明:Cryptohopper并非受监管机构。加密货币的机器人交易存在大量风险,过去的业绩表现并不能预示未来的结果。产品截图中展示的利润仅供参考,可能有所夸大。只有在您具备充足的知识或寻求了专业财务顾问的指导后,才应进行机器人交易。在任何情况下,Cryptohopper均不对任何人或实体因使用我们的软件进行交易而产生的全部或部分损失或损害,或任何直接、间接、特殊、后果性或附带的损害承担责任。请注意,Cryptohopper社交交易平台上的内容由Cryptohopper社区成员生成,并不代表Cryptohopper或其代表的建议或推荐。市场上展示的利润并不能预示未来的结果。使用Cryptohopper的服务即表示您承认并接受加密货币交易的固有风险,并同意免除Cryptohopper因您的任何责任或损失的责任。在使用我们的软件或进行任何交易活动之前,务必审阅并理解我们的服务条款和风险披露政策。请根据您的具体情况咨询法律和金融专业人士,获取个性化的建议。

©2017 - 2024 版权归属于Cryptohopper™ -版权所有。