Charted: Chainlink (LINK) Prints Bearish Pattern and It Could Revisit $10.20

Charted: Chainlink (LINK) Prints Bearish Pattern and It Could Revisit $10.20

Chainlink (LINK) started a sharp decline after forming a head and shoulders pattern (as discussed in the previous analysis). The bears are gaining strength and aiming a test of $10.20. Chainlink token price started a fresh decline after it failed to clear the $12.50 resistance against the US dollar. The price is now trading below…

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TA: It’s Decision Time for Ethereum As It Approaches a Crucial Breakout Pattern

TA: It’s Decision Time for Ethereum As It Approaches a Crucial Breakout Pattern

Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380. Ethereum is struggling to stay above the key $382 and $380 support levels. The price is currently trading in a range above the $382 support and below…

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This Investor Group is Causing Bitcoin to Decouple from Stocks

This Investor Group is Causing Bitcoin to Decouple from Stocks

Bitcoin is finally breaking its correlation with the stock market, which has been persisting despite its recent uptrend’s strength. An example of this correlation’s lingering effects can be seen while looking towards yesterday’s selloff, with the rejection at $13,800 coming about almost instantly after investors saw a sharp decline in stock futures. Although yesterday was…

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Bitcoin Dominance Is Days Away From Triggering A 30% Rally Against Alts

Bitcoin Dominance Is Days Away From Triggering A 30% Rally Against Alts

Bitcoin smashing through $12,000 gave the cryptocurrency enough momentum and energy to take out $13,000 and revisit last year’s highs. But while it did so, it caused altcoins like Ethereum, Chainlink, and dozens more to bleed out relative to BTC. It has left alts in a precarious position, potentially about to be left for dead…

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Yearn.finance’s YFI Continues Crashing, But This New Proposal Could Save It

Yearn.finance’s YFI Continues Crashing, But This New Proposal Could Save It

Yearn.finance’s YFI governance token has been caught within a brutal downtrend ever since its price peaked at $45,000, with bears now vying to push it below $10,000 as they continue gaining control over its macro outlook. The descent seen as of late has struck a serious blow to its long-term trend, as it has severely…

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Three Reasons Why Chainlink’s Downtrend Against Bitcoin Just Started

Three Reasons Why Chainlink’s Downtrend Against Bitcoin Just Started

Chainlink is easily the best performing cryptocurrency for the last three years, and this year managed to outperform Bitcoin by over 500%. But the tides have finally turned on the two opposing crypto coins, and it could signal an extended downtrend against the first-ever cryptocurrency for the foreseeable future. Here are three compelling reasons and…

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Harrowing Figure Highlights How There Isn’t Enough Bitcoin To Go Around

Harrowing Figure Highlights How There Isn’t Enough Bitcoin To Go Around

Bitcoin is a financial revolution in the making, for numerous reasons. But one of the attributes that give it the most value, is its digital, hard-coded scarcity. With just a 21 million BTC supply to ever exist, it is the hardest form of money on the planet. However, according to one expert in the field,…

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Ethereum Must Show Strength Now or Else It Could Face a Dire 10%+ Decline

Ethereum Must Show Strength Now or Else It Could Face a Dire 10%+ Decline

Ethereum and the entire crypto market have struggled to gain any serious momentum as of late, with BTC’s rejection at $13,800 striking a blow to the aggregated market. The waning momentum has been particularly impactful for Ethereum, as it has compounded the weakness that has come about due to its severe underperformance seen as of…

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Ethereum Could Plunge Towards $315 Region if This Level Doesn’t Hold

Ethereum Could Plunge Towards $315 Region if This Level Doesn’t Hold

Ethereum has seen an interesting trend in its price action over the past two weeks. Despite a strong surge in the price of Bitcoin, ETH has been an underperformer. In the past 10 days, BTC has gained approximately 16% while ETH has only gained around 6%. This is a stark difference from earlier this year,…

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Charted: Cardano (ADA) is Primed For a Rally And Only 1 Thing is Holding it Back

Charted: Cardano (ADA) is Primed For a Rally And Only 1 Thing is Holding it Back

Cardano’s price is holding the $0.0950 support level and recovering higher. However, ADA must surpass $0.1020 and $0.1040 to start a fresh rally in the near term. ADA traded as high as $0.1129 before declining below the $0.1050 support against the US dollar. The price is holding the $0.0950 support, but it is well below…

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