Avalanche, Chainlink, CRV Price Analysis: 19 January - Aliens: AI Crypto News & Markets Updates
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Avalanche, Chainlink, CRV Price Analysis: 19 January

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AMB Crypto

Wed, Jan 19, 2022

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Aliens TLDR

While Bitcoin struggled to counter its 4-hour 20-SMA, Avalanche, Chainlink and Curve DAO token flashed oversold RSIs. Their near-term technicals continued to flash a bearish edge.

The double-bottom breakout on its 4-hour chart failed to cross its month-long resistance at the $96.49-mark.

Chainlink (LINK) LINK’s bulls retested the $22.42-level four times over the past month.

While the Volume Oscillator marked lower peaks during this phase, the alt couldn’t sustain the bull rally.

LINK lost over 25% of its value (since 11 January) until press time while it marked a falling wedge (yellow, reversal pattern).

At press time, LINK was trading at $21.54.

The alt’s RSI hovered in the oversold region and crossing the 30-mark is crucial for the bulls to support the recovery phase.

Curve DAO Token (CRV) After ensuring the $4.17-support, the bulls transposed the down-channel breakout into an up-channel (white).

At press time, CRV traded below its 20-50-200 SMA at $4.244.

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