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{"id":435650,"date":"2020-08-20T07:48:34","date_gmt":"2020-08-20T07:48:34","guid":{"rendered":"https:\/\/uniquehot.com\/?p=435650"},"modified":"2024-06-11T14:15:20","modified_gmt":"2024-06-11T14:15:20","slug":"chainlink-link-fresh-surge-17","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/chainlink-link-fresh-surge-17\/","title":{"rendered":"Chainlink (LINK) Breaking This Single Level Could Spark a Fresh Surge"},"content":{"rendered":"

Chainlink (LINK) started a sharp downside correction from the $19.93 high against the US Dollar. It is now trading above the $15.00 support and eyeing a fresh surge above $17.00.<\/em><\/p>\n

\n
Chainlink token price is trading above the key $15.00 support zone against the US dollar.<\/li>\n
The bulls are facing a couple of important hurdles near the $16.95 and $17.00 levels.<\/li>\n
There is a key bullish trend line forming with support near $15.40 on the 4-hours chart of the LINK\/USD pair (data source from Kraken).<\/li>\n
The pair is likely to start a fresh surge once it clears the $17.00 resistance zone.<\/li>\n<\/ul>\n
Chainlink (LINK) Showing Bullish Signs<\/h2>\n
After surging close to $20.00<\/a>, chainlink (LINK) started a substantial downside correction against the US Dollar. LINK formed a new all-time high near $19.93 and declined below the $18.00 support zone.<\/p>\n
The price broke the key $17.00 support zone to move into a short-term bearish zone. There was also a break below the 50% Fib retracement level of the upward move from the $12.19 swing low to $19.93 high.<\/p>\n
However, the bulls were able to protect the $15.00 support zone and the price stayed well above the 100 simple moving average (4-hours). It seems like the 61.8% Fib retracement level of the upward move from the $12.19 swing low to $19.93 high is acting as a strong support.<\/p>\n
$\"Chainlink$ <\/a><\/p>\n
LINK price above $16.000. Source: TradingView.com<\/a><\/pre>\n
The price is currently trading nicely above the $15.50 and $16.00 levels. There is also a key bullish trend line forming with support near $15.40 on the 4-hours chart of the LINK\/USD pair.<\/p>\n
On the upside, LINK price is facing a major hurdle near the $16.95 and $17.00 levels. If there is an upside break<\/a> above $17.00, the price could test the next hurdle near $18.00 or a connecting bearish trend line forming with resistance near $18.30 on the same chart.<\/p>\n
Dips Supported<\/h2>\n
On the downside, chainlink\u2019s price is likely to find strong bids near the trend line support and $15.00. The next major support is near the $14.00 level and the 100 simple moving average (4-hours).<\/p>\n
A downside break below the $14.000 support level could push the price into a bearish zone. In the stated case, the price could dive towards $12.00 or even $10.00.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for LINK\/USD is about to move into the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is still well below the 50 level.<\/p>\n
Major Support Levels \u2013 $16.00, $15.80 and $15.00.<\/p>\n
Major Resistance Levels \u2013 $17.00, $18.00 and $18.30.<\/p>\n","protected":false},"excerpt":{"rendered":"
Chainlink (LINK) started a sharp downside correction from the $19.93 high against the US Dollar. It is now trading above the $15.00 support and eyeing a fresh surge above $17.00. Chainlink token price is trading above the key $15.00 support zone against the US dollar. The bulls are facing a couple of important hurdles near the $16.95 and $17.00 levels. There is a key bullish trend line forming with support near $15.40 on the 4-hours chart of the LINK\/USD pair (data source from Kraken). The pair is likely to start a fresh surge once it clears the $17.00 resistance zone. Chainlink (LINK) Showing Bullish Signs After surging close to $20.00, chainlink (LINK) started a substantial downside correction against the US Dollar. LINK formed a new all-time high near $19.93 and declined below the $18.00 support zone. The price broke the key $17.00 support zone to move into a short-term bearish zone. There was also a break below the 50% Fib retracement level of the upward move from the $12.19 swing low to $19.93 high. However, the bulls were able to protect the $15.00 support zone and the price stayed well above the 100 simple moving average (4-hours). It seems like the 61.8% Fib retracement level of the upward move from the $12.19 swing low to $19.93 high is acting as a strong support. LINK price above $16.000. Source: TradingView.com The price is currently trading nicely above the $15.50 and $16.00 levels. There is also a key bullish trend line forming with support near $15.40 on the 4-hours chart of the LINK\/USD pair. On the upside, LINK price is facing a major hurdle near the $16.95 and $17.00 levels. If there is an upside break above $17.00, the price could test the next hurdle near $18.00 or a connecting bearish trend line forming with resistance near $18.30 on the same chart. Dips Supported On the downside, chainlink\u2019s price is likely to find strong bids near the trend line support and $15.00. The next major support is near the $14.00 level and the 100 simple moving average (4-hours). A downside break below the $14.000 support level could push the price into a bearish zone. In the stated case, the price could dive towards $12.00 or even $10.00. Technical Indicators 4-hours MACD \u2013 The MACD for LINK\/USD is about to move into the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for LINK\/USD is still well below the 50 level. Major Support Levels \u2013 $16.00, $15.80 and $15.00. Major Resistance Levels \u2013 $17.00, $18.00 and $18.30.<\/p>\n","protected":false},"author":67,"featured_media":435652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,4],"tags":[16295,75941,75940,79480],"class_list":["post-435650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-analysis","tag-chainlink","tag-linkbtc","tag-linkusd","tag-linkusdt"],"acf":[],"yoast_head":"\nChainlink (LINK) Breaking This Single Level Could Spark a Fresh Surge<\/title>\n<meta name=\"description\" content=\"Chainlink (LINK) started a sharp downside correction from $19.93. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Chainlink (LINK) Breaking This Single Level Could Spark a Fresh Surge","url":"http:\/\/uniquehot.com\/news\/chainlink-link-fresh-surge-17\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/chainlink-link-fresh-surge-17\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/shutterstock_199289291.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/shutterstock_199289291.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["chainlink","linkbtc","linkusd","linkusdt"],"dateCreated":"2020-08-20T07:48:34Z","datePublished":"2020-08-20T07:48:34Z","dateModified":"2024-06-11T14:15:20Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Chainlink (LINK) Breaking This Single Level Could Spark a Fresh Surge\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chainlink-link-fresh-surge-17\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/chainlink-link-fresh-surge-17\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_199289291.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/shutterstock_199289291.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"chainlink\",\"linkbtc\",\"linkusd\",\"linkusdt\"],\"dateCreated\":\"2020-08-20T07:48:34Z\",\"datePublished\":\"2020-08-20T07:48:34Z\",\"dateModified\":\"2024-06-11T14:15:20Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/08\/shutterstock_199289291.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/435650"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=435650"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/435650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/435652"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=435650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=435650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=435650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}