Chainlink: How LINK traders can use this to remain profitable

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink's LINK previous descending triangle setup rekindled the selling edge as the alt fell below its 4-hour EMA ribbons.

Timeline of Chainlink

ChainLink price analysis for August 1, 2022, reveals the market following a partial bearish movement, obtaining some positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

With growing global concern around the climate emergency and unsustainable agricultural practices, many countries, enterprises, and startups are “collaborating to build sustainable solutions that tackle the harmful effects of climate change,” according to an update from Chainlink.

ChainLink price analysis for July 31, 2022, reveals the market following a partial bearish movement, obtaining some positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained negative over the past few hours.

Chainlink price analysis is bullish today, as price continued along an extended uptrend to reach as high as $8.20 over the past 24 hours. LINK price has been trending bullishly since July 27, 2022 ascending from a low point of $6.20 and has since then risen more than 32 percent.

The crypto market had quite an interesting week which started off with some uncertainty associated with market data. However, a mid-week rally ensued and LINK is among the cryptocurrencies that jumped on the bullish bandwagon.

 The Chainlink(LINK) price signals the end of a seven consolidation phase with a bullish breakout from $7.5. This range breakout should trigger a directional rally that may surpass the $8 psychological level, but what's the next target?

ChainLink price analysis for July 29, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. The price of ChainLink has remained positive over the past few hours.

Chainlink paints a chance of another pullback despite the recent 2% surge, with bearish signs all over the charts so let's read more today in our latest Chainlink news. Over the past week, the coin witnessed major declines on the chart and despite the 2% drop, the technical outlook of the Chainlink price remained negative.

The cryptocurrency market has been bearish for a couple of months. Anxiety levels are high as things are looking bleak for many coins. Some altcoins, however, have proven resilient to the failing fiat economy and bearish crypto trends.  Over June 2022, the charts display positive trends, signifying fertility for investments, decent returns, and growth.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chainlink's [LINK] previous movements revitalized the bearishness while it saw a volatile plunge below the Point of Control (POC, red).