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Important Notice - Scam alert
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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.
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      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.

       

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