empty
13.12.2024 07:07 AM
Technical Analysis of Intraday Price Movement of Chainlink Cryptocurrency, Friday December 13, 2024.

This image is no longer relevant

With the condition of the Golden Cross MA 50 which is above the MA 200 and its price movement moving above both MAs on the 4-hour chart, the Chainlink cryptocurrency gives us information that the Buyers' condition is quite dominant, especially with confirmation by the appearance of Double Bottom on the RSI (5) indicator, but in the chain link price movement it actually forms a Higher-High, then confirm that in the near future Chainlink has the potential to strengthen upwards where the level of 33.85404 will be tested to be broken and close above it. If it is successful then Chainlink has the potential to go to level 38.50806 and if the momentum and volatility support it then 41.38482 will be the next target, but if on its way to its destination there is suddenly a significant weakening correction, especially if it goes down and closes below level 24.22926, then all the strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.

(Disclaimer)

Summary
Urgency
Analytic
Arief Makmur
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Litecoin Cryptocurrency Has the Potential to Weaken Today. Thursday, September 04, 2025

[Litecoin] – [Thursday, September 04, 2025] With the appearance of a Bearish Divergence between Litecoin price movements and the RSI, there is potential for #NDX to weaken towards its nearest

Arief Makmur 07:54 2025-09-04 UTC+2

Capital inflows return to Bitcoin

Fresh data show that on Tuesday, Bitcoin-based exchange-traded funds outperformed their Ethereum-based counterparts in terms of investment flows. According to SoSoValue, spot Bitcoin ETFs saw net inflows of $332.7 million

Jakub Novak 09:51 2025-09-03 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 3

Bitcoin has managed to hold onto $110,000 and now confidently looks toward $112,000. Ethereum is also making attempts to rise above $4,300—a level it has been struggling with lately. Meanwhile

Miroslaw Bawulski 09:02 2025-09-03 UTC+2

Bitcoin shows early signs of life

Bitcoin buying is beginning to take clearer shape after bears made several failed attempts to push the price below the $108,000 level. Repeated defense of this psychologically significant threshold suggests

Jakub Novak 09:27 2025-09-02 UTC+2

Bitcoin misses $110,000

While Bitcoin continues its active attempts to break above the $110,000 mark, Lee Bok-hyun, a nominee for the chairmanship of South Korea's Financial Services Commission (FSC), made headlines by stating

Jakub Novak 14:38 2025-09-01 UTC+2

Trading tips for crypto market on September 1 (North American session)

Bitcoin showed upward momentum in the first half of the day but failed to reach the $110,000 mark, triggering an active sell-off during the mid-European trading session. Meanwhile, according

Miroslaw Bawulski 13:57 2025-09-01 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 1

Apparently, Bitcoin won't settle down until it returns to the $105,000 level, which is of considerable interest to many players. Ether has also sold off today, pulling back to $4,350

Miroslaw Bawulski 07:33 2025-09-01 UTC+2

Stablecoins increase their share in US government debt

Bitcoin is making efforts to grow, but each new rise is achieved with increasing difficulty. Nevertheless, this does not negate its longer-term bullish prospects. In the meantime, Bitwise has released

Jakub Novak 08:19 2025-08-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on August 29

Bitcoin fell back below the $112,000 level, failing once again to consolidate above $113,000 properly. Ether also saw a significant correction during today's Asian trading, indicating its limited upside potential

Miroslaw Bawulski 07:37 2025-08-29 UTC+2

Despite the appearance of Bullish Divergence from the RSI, Ethereum's bias remains weak. Friday, August 29, 2025.

[Ethereum] – [Friday, August 29, 2025] With the RSI in the bearish neutral area and the EMA(50) and EMA (200) crossing a Death Cross, the cryptocurrency's bias is likely

Arief Makmur 07:34 2025-08-29 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.