The vast majority of retail client accounts lose money when trading CFDs.
Important Notice - Fraud awareness
Important Notice - Scam alert
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
ATFX
Language
    ATFX-search-icon
    Client Portal
    Start trading
    rch

    Chainlink reverses support pattern

    LINK - Chainlink cryptocurrency continues to rise after the earlier upward reversal from the support zone located between the key support level 12.60 (which has been reversing the price from the end of February) and the lower daily Bollinger Band. The upward reversal from this support area stopped the earlier minute short-term impulse wave (iii).

     

    Given the strength of the aforementioned support area and the rising optimism that can be observed on the cryptocurrency markets - Chainlink cryptocurrency can be expected to rise further toward the next resistance level 15.35 (which stopped the previous correction (ii)).

     LNKUSD - Primary Analysis - Mar-16 1240 PM (1 day) (3)

    Last Updated: 16/03/2022

    This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


     

    Recent news

    Recent news
    Gold (XAUUSD) Steady Under $2,000 & Surpasses Dollar As Top Safe Haven

    Gold prices held steady near key levels on Friday, surpassing the dollar for a third conse...

    Recent news
    Japan CPI Inflation Plunges From 40-Year High | USDJPY Prediction

    The latest data shows Japan's consumer price index inflation declined from February's 40-y...

    Recent news
    Oil Price Looks for Another Price Low Attempt

    Oil prices slumped as low as $64 this week, but a sharp rally to $70 will give bulls anoth...

    Recent news
    GBPCAD Approaches Strong Resistance After Inflation Shock

    Today, GBPCAD rose after the shocking news of UK inflation rising higher than expected, re...

    Recent news
    GBPUSD Direction Hinges On The Fed and UK Inflation

    GBPUSD has rallied from the lows of a recent trading range but could reverse on the coming...