Chainlink faced a grim rejection at just below $18.00 yesterday, which struck a blow to the technical strength that it had been expressing throughout the past few days and weeks. Because LINK has since reeled below the support it was forming at $17.00, it now appears that the crypto may continue trading within the long-held…
Few altcoins have performed better in 2020 than Ethereum. The second-ranked cryptocurrency is up well over 200% on the year, and from the Black Thursday bottom to the 2020 high, Ethereum rose over 400%. Momentum looks to be behind bulls, however, an ominous signal just triggered on ETHUSD weekly price charts. The signal could be…
Bitcoin could be in for a “massive” and “devastating” correction ahead, according to the author of Mastering Elliott Wave Theory. The long-time market analyst and expert on the subject sees potentially a couple more months to years of rally in crypto, followed by a “potentially massive change in conditions for Bitcoin.” As wild as it…
Chainlink has been flashing some signs of strength throughout the past few days and weeks, with the cryptocurrency’s securing a relatively strong foothold above the $17.00 region following its latest surge. It has established the upper-$17.00 region as resistance, as a rally up to this area earlier today was followed by a strong rejection that…
A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them? Crypto Crime Takes A Bow But Is…
Cosmos (ATOM) has been one of the best-performing crypto assets of the past few weeks. The prominent altcoin has gained dozens of percent against the dollar and against BTC over recent weeks, setting new all-time highs. In the past 24 hours, the asset is up 3.6% and up 20% in the past seven days. Cosmos…
Chainlink (LINK) has surged 10% higher in the past 24 hours, regaining strength while Bitcoin and Ethereum consolidate in the middle of their ranges. The popular altcoin is poised to press higher in the days ahead according to a number of analysts, who argue that the fundamentals of Chainlink remain strong. This rally comes as…
After an extended period of consolidation, Chainlink’s price is finally breaking out as it begins navigating back up towards its all-time highs. This intense momentum that has guided it higher today came about as a result of its bulls shattering the resistance it was previously facing around $16.00, with the break above this level also…
Bitcoin bulls are currently attempting to turn weekly resistance at $11,500 into support. However, failure may be likely according to an ominous pattern the cryptocurrency is painting. Recent price action in the first-ever cryptocurrency closely mimics that of a Wyckoff distribution model. If that’s what’s playing out in the crypto market, Bitcoin could take a…
Tezos’ price has been caught within a downtrend throughout the past couple of weeks, slowly grinding lower alongside Bitcoin and Ethereum while most other mid-cap altcoins incur parabolic momentum. Analysts are now noting that where the cryptocurrency trends next may depend nearly entirely on Chainlink, as many investors have been treating XTZ as a “slower LINK”…