{"id":563195,"date":"2020-08-14T09:39:01","date_gmt":"2020-08-14T06:39:01","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563195"},"modified":"2020-08-14T09:39:01","modified_gmt":"2020-08-14T06:39:01","slug":"chainlink-reaching-the-top-5-is-too-much-links-high-is-near-weiss","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/chainlink-reaching-the-top-5-is-too-much-links-high-is-near-weiss\/","title":{"rendered":"ChainLink Reaching the Top 5 is Too Much, LINK&#8217;s High is Near &#8211; Weiss"},"content":{"rendered":"<p><strong>In summary:<\/strong><\/p>\n<ul>\n<li><strong>ChainLink has edged out Bitcoin Cash from the number 5 spot.<\/strong><\/li>\n<li><strong>The team at Weiss Ratings believes this move up for LINK is a bit too much.<\/strong><\/li>\n<li><strong>They warn that LINK&#8217;s &#8216;final&#8217; all-time high is near.\u00a0<\/strong><\/li>\n<li><strong>LINK&#8217;s chart has continued to push towards uncharted territory.\u00a0<\/strong><\/li>\n<\/ul>\n<p>The digital asset of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/chainlink-link-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">ChainLink (LINK)<\/a> is still holding firm <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-link-pumps-by-23-flippens-bitcoin-cash-bch-on-cmc\/\" target=\"_blank\" rel=\"noopener noreferrer\">at the number 5 spot<\/a> on Coinmarketcap. A few days ago, LINK managed to edge out Bitcoin SV (BSV) and Bitcoin Cash (BCH) to rise to its current position. Furthermore, LINK keeps setting new all-time high values almost every 24 hours.\u00a0 Yesterday, LINK reached a new all-time high of $18.35 &#8211; Binance rate.<\/p>\n<p>It is with this brief background that the team at Weiss ratings sees LINK&#8217;s recent market moves as a bit too much. They go on to advise investors and traders of LINK, that its continual rise in the crypto markets might be coming to an end. Below <a href=\"https:\/\/twitter.com\/WeissCrypto\/status\/1293999528232787969\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">is the statement<\/a> by the team at Weiss Ratings.<\/p>\n<blockquote><p><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">The native token of decentralized oracle network <\/span><span class=\"r-18u37iz\">#Chainlink<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\"> (<\/span><span class=\"r-18u37iz\">LINK<\/span><span class=\"css-901oao css-16my406 r-1qd0xha r-ad9z0x r-bcqeeo r-qvutc0\">) has reached the top five in terms of market value. That&#8217;s&#8230; a bit too much, the high is near.<\/span><\/p><\/blockquote>\n<h2>How to Navigate LINK&#8217;s Parabolic Chart<\/h2>\n<p>Given LINK&#8217;s parabolic moves, its chart is in uncharted territory in the sense that investors and traders are more or less trading without any reference data from ChainLink&#8217;s past market moves. One method that seems to be working is the use each all-time high value set by LINK, as a short term area of support should there be a selloff.<\/p>\n<p>One good example is yesterday&#8217;s <a href=\"https:\/\/en.ethereumworldnews.com\/chainlink-link-holds-steady-amidst-yam-finance-crypto-selloff\/\" target=\"_blank\" rel=\"noopener noreferrer\">Yam Finance crypto selloff<\/a> that had LINK bounce off its previous all-time high value of around $15.80 set on the 12th of August. LINK bounced off this area to reach the aforementioned new all-time high of $18.35.<\/p>\n<h2>Conclusion<\/h2>\n<p>Summing it up, ChainLink (LINK) continues with its interstellar mission and has since edged out Bitcoin Cash from the number 5 spot. The fast rise of LINK in the crypto markets has led to the team at Weiss ratings cautioning that its upward trajectory is a bit too much. Furthermore, they predict that LINK&#8217;s final push in the crypto markets is near.<\/p>\n<p>As with all analyses of ChainLink, traders and investors are advised to use stop losses and low leverage when trading LINK on the various derivatives platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In summary: ChainLink has edged out Bitcoin Cash from the number 5 spot. The team at Weiss Ratings believes this move up for LINK is a bit too much. They warn that LINK&#8217;s &#8216;final&#8217; all-time high is near.\u00a0 LINK&#8217;s chart has continued to push towards uncharted territory.\u00a0 The digital asset of ChainLink (LINK) is still holding firm at the number 5 spot on Coinmarketcap. A few days ago, LINK managed to edge out Bitcoin SV (BSV) and Bitcoin Cash (BCH) [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":561420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108032],"tags":[5749,4124,108108,108070],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563195"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563195"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/561420"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}