Bitcoin, Ethereum and Chainlink price analysis

2021-10-22 15:05

BTC and ETH both reached new all-time highs this week, with Chainlink’s LINK looking to build on recent gains and could see a period of consolidation above $30.

The price of Bitcoin and Ethereum have declined by 3.9% and 4.2% respectively as of writing, according to data from market site CoinGecko. Chainlink (LINK), which is up 2.5% at the time of writing, is among a handful of altcoins in the top 20 by market cap to remain in the green after Thursday’s sharp drops for BTC and ETH.

BTC, ETH, LINK price analysis

The correction for BTC has seen it drop from its ATH of $67,277 and ETH from $4,361, both landmark price levels reached on 21 October 2021.

Bitcoin is trading around $63,450, while Ethereum bulls are battling downside pressure with the target being to stay above $4,000. 

Looking at the BTC daily chart, we see the crypto has bounced off support at $62,197. The RSI is resetting towards the overbought territory to suggest bulls are still in control. A strong bounce from here could take Bitcoin towards $70k and potentially $90k before the end of historically bullish Q4.

BTC/USD daily chart. Source: TradingView 

For Ethereum, the key is for bulls to hold the immediate support level suggested above. The bullish outlook for ETH/USD suggests another attempt at a new ATH if bulls retake control above the $4,160 supply zone. 

In this case, the $4,400 area is a legitimate target, with runs to $5k or higher likely within the coming days.

The candle, however, shows a bearish presence here and any dips could provide buy opportunities around the demand zone at $3,875 and 20 EMA line around $3,728. 

ETH/USD daily chart. Source: TradingView

LINK/USD is changing hands around $29.56. According to crypto analysts Michael van de Poppe, DeFi and Oracle tokens are likely to outperform when the market picks up the next upside momentum. 

The analyst says the sector has lagged the top coins, with capital rotation likely to flip sentiment in the two sub-sectors. 

LINK/USD daily chart. Source: TradingView

LINK price has bounced off a major support line around $24.70 and is currently above both the 20 EMA and 50 SMA lines. The daily RSI is also indicating bullish momentum, while increased buy-side volume suggest demand amid positive news from the Associated Press that is set to integrate Chainlink oracles.

On the upside, LINK could break above $30.00 and see gains towards $35.00 (green line). On the flip side, key support lies around $26.00 and $24.00.

The post Bitcoin, Ethereum and Chainlink price analysis appeared first on Coin Journal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ChainLink (LINK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $17.68
Капитализация $0 Rank 99999
Цена в час новости $ 29.11 (-100%)

chainlink bitcoin analysis price ethereum looking coin

Источник: coinjournal.net

chainlink bitcoin → Результатов: 126


Фото:

Chainlink Could Rocket Higher if It Breaks Above One Key Level

Chainlink has been underperforming Bitcoin and the aggregated crypto market as of late, with its price action largely mirroring that of the rest of the altcoin market. While Bitcoin captures investors’ attention with its massive uptrend, major altcoins like Ethereum and LINK have been underperforming, facing inflows of selling pressure as traders chase the BTC […]

2020-12-19 02:00


Фото:

Близнецы Уинклвосс: следующие четыре года станут лучшими для индустрии

С момента своего основания криптовалютная биржа братьев Уинклвосс Gemini работала с весьма ограниченным списком активов: Bitcoin, Bitcoin Cash, Ethereum, Litecoin и ZCash. Этой весной биржа практически удвоила количество торговых пар, добавив в листинг Orchid Protocol (OXT), DAI, Chainlink, BAT и проигнорировав такие крупные криптовалюты, как EOS и XRP.

2020-5-12 12:08


This Crypto is On the Brink of Seeing Parabolic Upside as Bulls Defend Key Level

Chainlink has seen a notable recovery from its daily lows today, as the crypto’s bulls have stepped up and defended against it seeing further underperformance of Bitcoin and other altcoins. This comes as the cryptocurrency sees some notable fundamental developments, including an imminent listing on Gemini as well as the integration of multiple Chainlink oracles...

2020-5-2 00:00


Chainlink Nears Key Support After Being Battered by Overnight Decline

Although Chainlink has been one of the most bullish cryptocurrencies throughout 2019 and 2020, its short-term price action has lagged against that of Bitcoin and many of its other peers. The crypto is flashing some signs of immense short-term weakness after its bullish divergence was “destroyed,” leading some analysts to now watch for a significant...

2020-5-1 02:00


Analyst: Downside may be imminent for Chainlink and Tezos, April’s top crypto trades

Prior to late last week’s rally to $7,800, Bitcoin was stuck in a consolidation pattern for weeks on end, trading in a 10 percent range for what was literally weeks. During that time, two altcoins managed to break the mold, rallying as the rest of the cryptocurrency market stagnated: Tezos (XTZ) and Chainlink (LINK), the […] The post Analyst: Downside may be imminent for Chainlink and Tezos, April’s top crypto trades appeared first on CryptoSlate.

2020-4-29 04:30


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Wallet drainer service Pink Drainer to wind down operations

Developers behind Pink Drainer, a notorious wallet drainer service implicated in the theft of over $75 million in assets, have decided to wind down their operations.  “We have reached our goal and now, according to plan, it’s time for us…

Ethereum ETF Dreams Dashed? Analyst Says SEC Approval ‘Slim To None’

For investors hoping for a simple way to gain exposure to Ethereum, the road seems paved with regulatory hurdles. The US Securities and Exchange Commission (SEC) has thrown a wrench into plans for spot Ethereum Exchange Traded Funds (ETFs), leaving the future of these investment vehicles shrouded in uncertainty.