Chainlink (LINK), known for its role as a decentralized oracle network for Ethereum, forms the basis of our analysis today. This article presents a technical analysis from our premium environment with price expectations for the near future.
Do you have further questions or would you like to delve deeper into the subject? For a small contribution of 1 euro you get 30 days access to our premium environment where our analysts are available. This analysis is purely informational and does not constitute financial advice.
Chainlink for technical analysis (LINK)
A new and fresh LINK analysis was recently published in the premium section of Crypto Insiders. Crypto Insiders analysts stated the following in this analysis:
“LINK has seen a significant increase since our last update, reaching new local peaks. We have seen the completion of a 5 wave structure as part of the larger 12345 Elliott wave pattern. This brings us to an important moment in price development.
At the moment we are closely monitoring the area between $14.50 and $15.58. A break through this zone could pave the way for a strong rise to a new high in the blue zone at the top of the chart between $18.31 and $19.59.
On the other hand, if we see rejection in this area, we should be prepared for a possible decline towards the gray zone on the chart, which is below $10. These scenarios are important for our strategies and decisions in the coming period.”
Good news for Dutch crypto traders
A new partnership between Bybit and SATOS gives Dutch traders access to 400 new cryptocurrencies. Bybit offers the largest range of cryptocurrencies in the Netherlands. Don't have a Bybit account yet? Using this link you will receive a 20 euro crypto gift. Grab your chance and sign up today to claim this bonus!
Do you need help?
In our premium environment you will find our extensive trading plan with the latest updates. As a Premium Member, you enter a safe place where traders of all experience levels share knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.
Try it for 1 euro for 30 days
Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts' own insights and experiences. These therefore serve exclusively educational purposes.
Post views: 21