ChainLink (LINK) Trading Analysis – Ascending Triangle Forming on LINKBTC

Chainlink [LINK] is a token based on Ethereum blockchain. The LINK Network provides smart contracts with data, bank payments and access to APIs. Let’s take a look at some current price analysis, indicator tools and trading techniques to form some hypothesis on whats happening.

ChainLink Quick Stats

Symbol:	LINK
Global rank:	5
Market cap:	$7.3 Billion AUD
Current price:	$18.85 AUD
All time high price:	$27.21 AUD
1 day:	+3.4%
7 day:	+8.70%
1 year:	+397%
Useful Links:	Latest LINK News Buy LINK on Swyftx Trade LINK on Binance

Ascending Triangle Forming on LINKBTC?

According to this chart, it looks like LINK could be forming another ascending triangle rise on the 3 day chart, resting on the 89 MA. An ascending triangle is a bullish chart pattern where the lines draw a triangle pattern in an uptrend.

Resistance Broken on LINKUSDT?

This chart shows LINK is to break strong resistance between at $13.5 and suggests it would go $20 USDT. A resistance line is where there is a growing number of sellers who wish to sell at that price.

What do the technical indicators say?

The LINK TradingView indicators (on the 1 day) mainly indicate LINK as a sell, except the Oscillators which indicate LINK as a buy.

Notable Recent ChainLink News

• Chainlink has successfully been deployed on the Matic Network
• Synthetix and Chainlink partner to launch Oil Derivative Token
• After $6 Million Hack, Value DeFi Turns to Chainlink for Help
• Three Arrows Capital invests $10 million in Chainlink (LINK) after Bitcoin crash

Where to Buy or Trade ChainLink

Buy LINK on Swyftx or Trade LINK on Binance

Conclusion

Some trading charts suggest LINK may go up, while some technical indicators suggest LINK may go down. The recent news on ChainLink is mostly positive which partnerships being made.