Chainlink, Tezos, Helium Price Analysis: Jan 05

While Bitcoin was still struggling to cross the $ 47,000 mark, Ethereum managed to break above the $ 3,766 level.

Chainlink and Helium mark exponential gains and recover their lost supports. Furthermore, Tezos saw an ascending channel trajectory, but faced resistance at the golden Fibonacci level.

Chain link (LINK)

Since the breakout of the ascending channel (yellow) on December 3, the LINK bulls retested the $ 22.42 level four times over the past month. They finally propelled a sustained breach for the last two days after the salt saw a wedge break (green) falling.

On its 4-hour chart, LINK formed an ascending channel (white) and posted an ROI of 33.95% (from the Jan 1 low). However, the alt saw resistance at the $ 25.75 mark for the past 40 days. This level also coincided with the upper trend line of the channel.

The volume oscillator they marked higher peaks, indicating a healthy rebound over the past few days.

At press time, LINK was trading at $ 25.85. The EMA tapes once again I saw a bullish turn. In addition, the TO THE It rose to its 11-week high on Jan. 5, hinting at vigorous bullish vigor. The RSI it wavered in the overbought region after showing no signs of slowing down. Still, the overbought RSI threat should not be dismissed for a possible short-term correction.

Tezos (XTZ)

TradingView, XTZ / USDT

XTZ was in constant decline after hitting its ATH on October 4. Since then, The alt lost more than 64% of its value until it hit its 15-week low on December 4. The price diligently retreated as it moved through the descending channel (yellow).

As the XTZ bulls secured the four-month support at the $ 3.8 mark, price action entered a recovery phase. As it marked an ascending (white) channel, the alt broke the multiple resistance up to the Fibonacci level of 61.8%.

At press time, XTZ was trading at $ 5,252. The RSI saw a strong surge as it moved above level 65. Furthermore, the OBV and the DMI corresponded with the increase in bullish vigor.

Helio (HNT)

HNTUSD 2022 01 05 15 15 09

TradingView, HNT / USD

The alt saw a solid recovery of 74.96% (from the low of December 13), as it reached its 40-day high on January 5. It consistently marked higher troughs while holding the $ 42 resistance for its previous peaks. This trajectory represented a strong bullish force while the 20-high school (red) crossed the 50-200 SMA.

Now the immediate test point for the bulls was at the $ 45 level. Now the OBV it undoubtedly projected greater buying pressure. However, the volume oscillator failed to mark higher peaks.

At press time, HNT was trading at $ 44.0505. The RSI it tested the overbought region after a 21-point rise over the past day.

This is a machine translation of our English version.

We would like to give thanks to the writer of this write-up for this awesome web content

Chainlink, Tezos, Helium Price Analysis: Jan 05

Dispensary Business News