Wednesday, March 29, 2023
  • Login
  • Register
btclive365.com
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency
No Result
View All Result
btclive365.com
No Result
View All Result
Home Dogecoins

Chainlink is Predicted to Drop to $7.57 By Nov 12, 2022

btclive365 by btclive365
November 9, 2022
in Dogecoins
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Chainlink is Predicted to Drop to $ 7.57 By Nov 12, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Chainlink is down -4.48% today against the US Dollar
  • LINK/BTC decreased by -2.09% today
  • LINK/ETH decreased by -2.14% today
  • Chainlink is currently trading 9.02% above our prediction on Nov 12, 2022
  • Chainlink gained 8.81% in the last month and is down -74.57% since 1 year ago
Chainlink price $ 8.25
Chainlink prediction $ 7.57 (-8.27%)
Sentiment Bearish
Fear & Greed index 33 (Fear)
Key support levels $ 7.92, $ 7.71, $ 7.29
Key resistance levels $ 8.55, $ 8.96, $ 9.18

LINK price is expected to drop by -8.27% in the next 5 days according to our Chainlink price prediction

is trading at $ 8.25 after losing -4.48% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.58% in the same time period. LINK performed poorly against BTC today and recorded a -2.09% loss against the world’s largest cryptocurrency.

According to our Chainlink price prediction, LINK is expected to reach a price of $ 7.57 by Nov 12, 2022. This would represent a -8.27% price decrease for LINK in the next 5 days.

LINK Price Prediction Chart

Buy/Sell Chainlink

What has been going on with Chainlink in the last 30 days

Chainlink has been displaying a positive trend recently, as the coin gained 8.81% in the last 30-days. The medium-term trend for Chainlink has been bearish, with LINK dropping by -3.05% in the last 3 months. The long-term picture for Chainlink has been negative, as LINK is currently displaying a -74.57% 1-year price change. On this day last year, LINK was trading at $ 32.43.

Chainlink reached its all-time high price on May 10, 2021, when the price of LINK peaked at $ 52.89. The current LINK cycle high is $ 9.45, while the cycle low is at $ 5.36. LINK has been displaying low volatility recently – the 1-month volatility of the coin is at 6.91. Chainlink recorded 15 green days in the last 30 days.

Chainlink technical analysis for today – Nov 07, 2022

The sentiment in the Chainlink markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 7.92, $ 7.71 and $ 7.29, while $ 8.55, $ 8.96 and $ 9.18 are the key resistance levels.

Bearish sentiment for Chainlink

15 indicators are currently signaling a bullish prediction for Chainlink, while 17 indicators are showing a bearish forecast. With 53% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Chainlink.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 33 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Chainlink moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Chainlink is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 8.37 (SELL) $ 8.67 (SELL) – –
MA5 $ 8.05 (BUY) $ 8.43 (SELL) – –
MA10 $ 7.75 (BUY) $ 7.99 (BUY) – –
MA21 $ 7.36 (BUY) $ 7.62 (BUY) $ 7.29 (BUY) $ 8.00 (BUY)
MA50 $ 7.41 (BUY) $ 7.44 (BUY) $ 12.03 (SELL) $ 11.41 (SELL)
MA100 $ 7.49 (BUY) $ 7.56 (BUY) $ 19.14 (SELL) $ 13.72 (SELL)
MA200 $ 7.69 (BUY) $ 9.03 (SELL) $ 11.74 (SELL) $ 12.54 (SELL)
Period Value Action
RSI (14) 58.50 SELL
Stoch RSI (14) 95.13 SELL
Stochastic Fast (14) 86.49 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 21.96 NEUTRAL
Awesome Oscillator (5, 34) 0.68 NEUTRAL
Momentum (10) 1.51 NEUTRAL
MACD (12, 26) 0.17 NEUTRAL
Williams Percent Range (14) -13.51 SELL
Ultimate Oscillator (7, 14, 28) 52.57 NEUTRAL
VWMA (10) 7.88 BUY
Hull Moving Average (9) 8.18 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 7.72 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Chainlink is at 58.50, suggesting that LINK is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Chainlink over the last 50 days. Currently, Chainlink is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the LINK closing price for the last 200 days. LINK is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this Chainlink prediction

After considering the above factors, we can conclude that the current forecast for Chainlink price prediction is Bearish. LINK would have to decrease by -8.27% to hit our $ 7.57 target within the next five days. Moving forward, it will be important to monitor the LINK market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Chainlink price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.



Source link

Previous Post

Grantee Roundup: December 2021 | Ethereum Foundation Blog

Next Post

How to trade candlestick patterns

btclive365

btclive365

Next Post

How to trade candlestick patterns

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • 23.8k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest

How to sell Bitcoin – Bitcoin Magazine

November 9, 2022

Add a Tangible Asset to Your Portfolio: Buy Gold

January 7, 2023

Building Bitcoin Standard In Portugal – Bitcoin Magazine

November 9, 2022

USD/ZAR Rallies as SA President Ramaphosa Faces Potential Impeachment

December 1, 2022

Bitcoin price hits 2-week lows as FTX ‘bank run’ drains BTC reserves

1

Building Homesteader Lifestyle With Bitcoin – Bitcoin Magazine

1

Arbitrum dealings activity rockets 550% since August: Delphi Digital

0

Bitcoin․com Doubles Down on Self-Custody With Launch of Verse DEX – Press release Bitcoin News

0

USD/CAD drops on US Dollar strength, amidst falling oil prices

March 29, 2023

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28

March 29, 2023

Here’s Why Everyone’s Talking About DigiToads (TOADS) And Hedera (HBAR)

March 29, 2023

GBP/USD bulls are throwing in the towel at eight week highs

March 29, 2023

Recent News

USD/CAD drops on US Dollar strength, amidst falling oil prices

March 29, 2023

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28

March 29, 2023

Here’s Why Everyone’s Talking About DigiToads (TOADS) And Hedera (HBAR)

March 29, 2023

GBP/USD bulls are throwing in the towel at eight week highs

March 29, 2023

We deliver up-to-date, breaking crypto news about the latest Bitcoin, Ethereum, Blockchain, NFTs, and Altcoin trends and happenings

Follow Us

Browse by Category

  • Altcoins
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Mining
  • Cryptocurrency News Today
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

Recent News

USD/CAD drops on US Dollar strength, amidst falling oil prices

March 29, 2023

NFT investor accidentally burns CryptoPunk: Nifty Newsletter, March 22–28

March 29, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2022 btclive365 All Right Rivered .

No Result
View All Result
  • Home
  • Cryptocurrency News Today
  • Bitcoin (BTC)
  • Altcoins
  • Blockchain
  • Crypto Mining
  • CryptoCurrency Predictions
  • Defi
  • Dogecoins
  • Earn Crypto
  • Ethereum (ETH)
  • Forex Trading
  • ICO
  • Litecoin ( LTC )
  • NFT
  • Ripple
  • Trend cryptocurrency

© 2022 btclive365 All Right Rivered .

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In