CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
NullTx 2025-03-06 04:56:28

CHAINLINK PRICE ANALYSIS & PREDICTION (March 5) – Link Regains Strength After Locating Support, Increases 15% Overnight

Link’s market structure is still considered bearish on the micro-level, but things might change soon as it locates support. It forms a bullish pattern on the 4-hour chart, but there’s no assurance if it will come into play. Altcoins are back in a recovery mode after witnessing a serious downfall after opening short this week. However, Link remains bearish on the daily chart but has managed to stay above $13 over the past week. This price level is now considered as support. The recovery came after witnessing a dramatic sell-off from $17.5 two days ago. The bulls intercepted the drops yesterday and pushed back. They are now taking charge on the day. Though the pressure is not strong yet to consider a buy. A push above the previous weekly high should set the stage for retracement before resuming bearish. On the 4-hour chart, Link signals a potential bullish move with a double-bottom formation, but it is not certain if it will play out. A break above its neckline should validate a temporary shift while the buyers regroup. Losing the current holding support could invalidate the bullish move, hence advancing drops to a new multi-month low. Technically, the price has reached an oversold region on the daily chart. We can expect a small recovery while the trend remains bearish. LINK’s Key Levels To Watch Source: Tradingview The main resistance level to watch for now is $17.5. If the price breaks higher, $19.8 is the next resistance to keep in mind, followed by $22.3. For pullback, there’s close support at $15.4. A break below the holding $13.1 support could slip the price to $11. If this level fails to produce a bounce, it may navigate $10 for support. Key Resistance Levels: $17.5, $19.8, $22.3 Key Support Levels: $15.4, $13.1, $11 Spot Price: $16.4 Trend: Bearish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Image Source: naratrip/ 123RF // Image Effects by Colorcinch

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine