• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Chainlink (LINKUSD) Buying Time Is Now

Johnathon Fox
12/16/2024 | UPDATED ON: 12/16/2024

Chainlink (LINKUSD) Price Forecast: December 16

As the Christmas season approaches, the LINKUSD suggests its buying time is now as the coin price experiences a remarkable resurgence. The coin has seen a significant price spike, reflecting a broader bullish market trend. Thus, if the coin prices sustain above the $30.67 high value, the potential may surge to reach the $40.00 upper high level.

Key Levels:
Resistance Levels: $29.00, $30.00, $31.00
Support Levels: $12.00, $11.00, $10.00

LINK (USD) Long-term Trend: Bullish (Daily Chart)

Chainlink price hovers above the supply levels, bolstering optimism and indicating its buying time is now as the token maintains its bullish race in the higher time horizon. The price is strongly trading in a bullish momentum, looking nice, and signifies a buy signal for the buy trader.
Chainlink (LINKUSD) Buying Time Is Now
The cryptocurrency price has been above the supply trend levels since its most recent high due to the persistent bullish pressure over the last few days.

With sustained buying, the LINKUSD price challenged another resistance zone of $30.67 above the moving averages as the daily chart resumes today, indicating the time to buy the coin is now as buyers attempt to prolong the bullish rally.

Additional efforts by the bulls to swing above the current value would invalidate any further bearish thesis.

Next, the underlying sentiment suggests an uptrend continuation in the coming days, as indicated by the price signal pointing upwards. Buyers might push the price of LINKUSD further to a significant level; in this case, the target might be the $40.00 supply level in the coming days, implying its buying time is now in the higher time frame.

LINK (USD) Medium-term Trend: Bullish (4H Chart)

The experts demonstrate the Chainlink buying time is now, showcasing a repeated trend of bullish breakouts in the medium-term chart.
Chainlink (LINKUSD) Buying Time Is Now
Prices are above the moving averages and have confirmed a bullish momentum, breaking the previous high. The pair is in a smooth uptrend as can be seen from the chart above. Pressure from the bulls at the $27.77 high value in the previous action has sustained its upward stability in its recent high.

LINKUSD buying time is now as it surges to a $30.50 resistance level above the moving average as the 4-hourly chart begins today due to a bullish impact on the market price.

Hence, Chainlink may continue growing and remain upward, as shown by the momentum indicator pointing upwards. As a result, more gains and strength from the coin buyers may drive the crypto price to hit the $40.00 upper resistance level in the days ahead in its medium-term time frame.

Buy Chainlink on eightcap.com

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Lucky Block Price Prediction: LBLOCKUSD Possible Reversal at the $0.0000183 Support Level
Next Post: AUDUSD Rebounds Off a Low »

Reader Interactions

Leave a Reply Cancel reply

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

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US