In accordance with the candlestick chart linked to the LINK/USDT pair on tradingview [based on data obtained from the Binance Exchange], one can ascertain that Chainlink is being influenced [albeit slightly] by buyers as of this instant. The daily RSI [for 14 periods] sits at 60.5 which signifies that while $LINK lies amidst the neutral zone, it can still potentially surge towards overbought territory.
Barriers may play a decisive role when the price shoots up and swings by $3.0063, and support can be found near the $2.5157 mark. During the final week of October [post-26th], several fluctuations were observed, and the past couple of peaks associated with the Awesome Oscillator have all adorned the brown shade, which also points towards the dawn of bearish momentum.
Similarly, from 28th October onwards, the MACD line has drifted further apart from the signal line [the latter landed atop the MACD line], thus enabling the crimson histogram to advance. Chainlink is in desperate need of bulls if it hopes to skate past $3 dollars by December and then it must aim to stay above it.
We thought we would share a little video on why the daily chain interview on the ChainLink partnership is different than the information we have been discussing. https://t.co/vsWbzN0SnOhttps://t.co/BFLzFmHLgE$DAG
— Constellation(DAG) (@Conste11ation) November 1, 2019
Chainlink is ranked at #15 in the market. The trading volume recorded stands at roughly $103.061 million. The price ascended marginally, at a rate of 0.5% in the course of the past 24-hours. This helped $LINK pull through and reach all the way up to $2.73 where it presently rests. The total market cap of Chainlink amounts to $956.449 million and may head beyond $1 billion if the bull-run gathers pace.
.@EidJohann of @Chainlink & @HuxtableJonny of @linkpoolio are speaking at a #Chainlink meetup on Dec 18 at the Google HQ in Brussels. They’ll showcase examples of a financial derivative on Ethereum using Chainlink oracles & Google #BigQuery. Register here: https://t.co/KpUoaIYaGF
— SmartContract.com (@Smart_Contract) October 30, 2019