empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

02.05.202508:01 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Chainlink Cryptocurrency, Friday May 02, 2025.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 02.05.2025 analysis

With the appearance of the Bullish 123 pattern followed by the appearance of the Bullish Ross Hook which managed to break the previous downtrend line and the Stochastic Oscillator indicator which is also in a Crossing BUY condition so that based on this information in the next few days, the Chainlink cryptocurrency has the potential to strengthen upwards where the level of 15.98401 will try to be broken and close above it. If successful then Chainlink will continue its strengthening back to the level of 17.57177 as its main target and if the volatility and momentum of its strengthening support then the level of 19.61823 will be the next target to be aimed of, but if on its way to the target levels mentioned suddenly Chainlink corrects down weakening until it breaks through and closes below the level of 11.90707 then all the strengthening scenarios that have been described previously on this cryptocurrency will become invalid and canceled by themselves.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2025

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade



You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.
Widget callback

Turn "Do Not Track" off