Remarkable Jump: LINK price action shows a 42% increase in the last 48 hours, crossing the $10 mark.
Four Bullish Candles: The LINK price has surged due to four consecutive bullish engulfing candles.
Exiting Bear Channel: The bull run has exited the falling channel in the weekly chart, signaling a potential trend reversal.
Bitcoin's Influence: As Bitcoin sustains above $30,000, Chainlink and other altcoins are also experiencing bullish momentum.
Cup and Handle Pattern: LINK completes a bullish cup and handle pattern, further supporting the uptrend.
Current Price: LINK is currently trading at $10.420 with an intraday growth of 2.17%.
Technical Indicators - EMA: The 50 and 200 EMAs have formed a golden crossover in the daily chart.
Technical Indicators - RSI: The RSI has entered the overbought zone, indicating strong bullish momentum.
Next Milestone: The next target for LINK is the $12 mark.
Golden Crossover: The weekly chart shows potential for a golden crossover, further supporting the bullish outlook.
Short Pullback: A long wick formation suggests that a short pullback may be imminent.
Market Sentiment: Overall market sentiment is bullish, making the $12 target increasingly likely.
Four Bullish Candles: The LINK price has surged due to four consecutive bullish engulfing candles.
Exiting Bear Channel: The bull run has exited the falling channel in the weekly chart, signaling a potential trend reversal.
Bitcoin's Influence: As Bitcoin sustains above $30,000, Chainlink and other altcoins are also experiencing bullish momentum.
Cup and Handle Pattern: LINK completes a bullish cup and handle pattern, further supporting the uptrend.
Current Price: LINK is currently trading at $10.420 with an intraday growth of 2.17%.
Technical Indicators - EMA: The 50 and 200 EMAs have formed a golden crossover in the daily chart.
Technical Indicators - RSI: The RSI has entered the overbought zone, indicating strong bullish momentum.
Next Milestone: The next target for LINK is the $12 mark.
Golden Crossover: The weekly chart shows potential for a golden crossover, further supporting the bullish outlook.
Short Pullback: A long wick formation suggests that a short pullback may be imminent.
Market Sentiment: Overall market sentiment is bullish, making the $12 target increasingly likely.
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.
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.