Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The market structure was bearish but the recent rally could shift this Exchange inflows also saw a huge spike Chainlink saw some positive news in the past few days, amid the carnage that the market […]
saw a dip to $15.4k earlier this week but it was quickly reversed in the past 24 hours of trading. Was this move upward the genuine beginning of a rally, or was it more of a bull trap?Source: LINK/USDT on TradingView
However, on the 1-day chart, the price still had a bearish structure. LINK needed to flip the $6.5-$6.65 region from resistance to support before the bulls can have some confidence in a move toward $7.5 and above. The $6.2 level was also broken in the recent lower timeframe rally, and a retest of the same could offer short-term traders a buying opportunity. For longer-term traders, buying in the $5.6-$6.2 region on a retest with bullish targets of $7.5 and $9.4 was possible. Invalidation of this idea would be a session close below the $5.6 mark.Development activity was on the rise in the past two weeks.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As Chainlink racks up more integrations, will LINK gather the bulls and playChainlink announced multiple integrations of its services across different chains The price of LINK has been on a continuing decline, even with the latest developments In its most recent adoption update, Chainlink, an industry oracle network, reported that it had witnessed several adoptions in the previous week. Since the most recent FTX disaster, the protocol’s […]
Read more »
Chainlink: How the FTX crash turned out to be a silver lining for LINKChainlink gained from the FTX crash as its address activity surges, hitting a one-year high Transactions involving LINK might have taken a back seat with its price in the midst of a decrease or a further increase Chainlink’s [LINK] response to the FTX collapse that spread wreckage round the market has been full of favor. While […]
Read more »
“A smack in the face to the community”: environmental groups rally in Pickering against Greenbelt developmentProtesters gathered Saturday in Pickering to express concerns about a proposal to open Greenbelt-protected land in the city for development. A number of sepa
Read more »
First responders rally around paramedic, mom following daughter's tragic deathAfter an Airdrie paramedic responded to a fatal crash scene involving her own daughter, her colleagues are supporting her and her family.
Read more »
First responders rally around grieving colleague, mom following daughter's tragic deathAfter an Airdrie paramedic responded to a fatal crash scene involving her own daughter, her colleagues are supporting her and her family.
Read more »
Dogecoin bulls must be cautions as the DOGE rally runs into a resistance zoneDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The market structure remained bearish on the 4-hour chart $0.086 could prove to be a crucial level over the next two days of trading Bitcoin sank as low as $15.5k over the past two days […]
Read more »