Chainlink, Uniswap, Filecoin Price Analysis: 02 May

Chainlink was projected to dip below $39 before resuming its northbound movement. Uniswap broke north from a descending channel and presented targets at $44 and even $47. Finally, Filecoin could move sideways between a restricted channel before its next upswing.

Chainlink [LINK]

Source: LINK/USD, TradingView

Chainlink’s upward trajectory was halted shortly before snapping the $42-mark, but this was expected to be a minor roadblock on its path to recovery. Higher lows on the 4-hour timeframe underlined the bullish progress made by LINK since dropping as low as $30.

Since RSI dropped below the overbought territory, the price needed to stabilize before its next leg upwards. This could take place at multiple support levels highlighted in the 4-hour timeframe. A fall towards $35 would even offer long opportunities for traders. MACD was on the verge of a bearish crossover and dips can be expected moving forward.

Uniswap [UNI]

Source: UNI/USD, TradingView

Uniswap broke north of its descending channel and a rise above the upper trendline represented gains of over 5%. In fact, there was a chance of extended gains over the coming sessions according to the on-chain metrics. Squeeze Momentum Indicator rose towards the half-line as momentum looked to switch hands to the bullish side. This also meant that buying at the current price was possible, although a better entry point would have been at $39.

The MACD was yet to complete a bullish crossover and the 24-hour trading volumes should be observed for sharper moves within the UNI market. Fibonacci levels at 138.2% ($44.1) and 161.8% ($47) presented some targets in case of an extended bullish outcome.

Filecoin [FIL]

Source: FIL/USD, TradingView

Although Filecoin made losses of over 2.5% in the last 24 hours, the 4-hour chart showed an interesting development. The 50-SMA (red) closed in on the 200-SMA (green) and a successful crossover would not only push FIL above $167.8-resistance, but also present buy signals for traders. However, the current market conditions reflected a degree of bearish pressure. This was made prominent by the red bars on the Awesome Oscillator.

On the other hand, RSI maintained itself above 50 and in bullish territory. There was a chance of some sideways movement within the current channel before a crossover between the two moving averages took place on the charts.


Sign Up For Our Newsletter


Source: https://ambcrypto.com/chainlink-uniswap-filecoin-price-analysis-02-may/

More from Republished By Plato

bitcoin
Bitcoin (BTC) $ 58,421.57 0.40%
ethereum
Ethereum (ETH) $ 4,116.39 4.07%
binance-coin
Binance Coin (BNB) $ 677.91 3.41%
dogecoin
Dogecoin (DOGE) $ 0.530238 0.22%
cardano
Cardano (ADA) $ 1.79 1.78%
xrp
XRP (XRP) $ 1.59 3.74%
tether
Tether (USDT) $ 1.00 0.02%
polkadot-new
Polkadot (DOT) $ 40.74 3.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 1,505.73 10.51%
litecoin
Litecoin (LTC) $ 398.91 13.50%
chainlink
Chainlink (LINK) $ 51.52 6.48%
uniswap
Uniswap (UNI) $ 40.27 1.25%
stellar
Stellar (XLM) $ 0.700917 15.92%
vechain
VeChain (VET) $ 0.231217 4.61%
ethereum-classic
Ethereum Classic (ETC) $ 125.03 4.35%
usd-coin
USD Coin (USDC) $ 1.00 0.01%
solana
Solana (SOL) $ 45.19 0.28%
theta
THETA (THETA) $ 11.85 1.15%
tron
TRON (TRX) $ 0.145316 3.09%
filecoin
Filecoin (FIL) $ 145.30 0.48%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 58,909.36 0.99%
eos
EOS (EOS) $ 10.59 4.35%
shiba-inu
SHIBA INU (SHIB) $ 0.000024 46.71%
monero
Monero (XMR) $ 484.97 2.47%
neo
Neo (NEO) $ 121.53 4.24%
binance-usd
Binance USD (BUSD) $ 1.00 0.00%
bitcoin-sv
Bitcoin SV (BSV) $ 368.04 2.01%
terra-luna
Terra (LUNA) $ 17.35 1.52%
pancakeswap
PancakeSwap (CAKE) $ 39.51 6.49%
iota
IOTA (MIOTA) $ 2.26 4.98%
cosmos
Cosmos (ATOM) $ 28.82 2.92%
aave
Aave (AAVE) $ 479.59 3.95%
ftx-token
FTX Token (FTT) $ 62.62 2.23%
tezos
Tezos (XTZ) $ 7.03 3.74%
maker
Maker (MKR) $ 5,352.84 2.08%
klaytn
Klaytn (KLAY) $ 2.16 0.46%
huobi-token
Huobi Token (HT) $ 28.93 12.58%
avalanche
Avalanche (AVAX) $ 40.53 8.62%
polygon
Polygon (MATIC) $ 0.932536 3.25%
bittorrent
BitTorrent (BTT) $ 0.007183 0.32%
multi-collateral-dai
Dai (DAI) $ 1.00 0.02%
crypto-com-coin
Crypto.com Coin (CRO) $ 0.183325 5.58%
algorand
Algorand (ALGO) $ 1.52 1.58%
thorchain
THORChain (RUNE) $ 17.99 2.65%
dash
Dash (DASH) $ 424.07 8.51%
compound
Compound (COMP) $ 807.79 5.20%
kusama
Kusama (KSM) $ 448.68 1.21%
zcash
Zcash (ZEC) $ 311.14 2.43%
waves
Waves (WAVES) $ 33.93 10.83%
nem
NEM (XEM) $ 0.379726 2.42%