{"id":2956,"date":"2021-12-27T00:52:49","date_gmt":"2021-12-27T00:52:49","guid":{"rendered":"http:\/\/egrowonline.com\/?p=2956"},"modified":"2021-12-27T00:52:49","modified_gmt":"2021-12-27T00:52:49","slug":"ethereum-sand-chainlink-price-analysis-26-december","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=2956","title":{"rendered":"Ethereum, SAND, Chainlink Price Analysis: 26 December"},"content":{"rendered":"


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The last week marked a reasonable recovery while Ethereum and Chainlink poked their two-week highs on 24 December. Ethereum seemed to hold the $4,000 mark and now strove to test its immediate resistance.<\/span><\/p>\n

SAND touched its three-week high on 26 December after forming a rising wedge (reversal) pattern.<\/span><\/p>\n

Ethereum (ETH)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

TradingView, ETH\/USD<\/p>\n<\/div>\n

Over the past nine days, ETH oscillated in an up-channel (white) and reclaimed the crucial $4000-mark support. <\/span><\/p>\n

ETH grew by nearly 11.9% (from 17 December low) and poked its two-week high on 25 December. <\/span>The bulls managed to sustain the price above the $4000-level while <\/span>the bears tested it twice in the last two days.\u00a0<\/span><\/p>\n

The rally continued to find resistance at the $4,156-mark that coincided with the upper channel (white) and 200-SMA (green). Now, the immediate testing support stood at the $4,000-level.<\/span><\/p>\n

At press time, ETH traded at $4,038. The <\/span>RSI\u00a0<\/span><\/strong>saw a pullout after poking the 66-point and now swayed near the 48-mark. However, The\u00a0<\/span>OBV<\/span><\/strong>\u00a0did not correspond with the uptrend. Also, the broader directional strength for ETH remained substantially weak as per the\u00a0<\/span>ADX<\/span><\/strong>.\u00a0<\/span><\/p>\n

The Sandbox (SAND)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

TradingView, SAND\/USDT<\/p>\n<\/div>\n

Since 5 December, SAND fell in a down-channel (yellow) on its 4-hour chart. AS the bulls tested the upper channel multiple times, it finally saw a down-channel breakout.\u00a0<\/span><\/p>\n

SAND bulls crossed the 38.2% Fibonacci resistance as it reclaimed the crucial $6.03 support after forming a rising wedge (green, reversal pattern). As a result, it poked its three-week high on 26 December.\u00a0<\/span><\/p>\n

Now, the 61.8% Fibonacci<\/strong> stood as a strong resistance. Any breakdown from here would see testing support near the $6.03-level.<\/span><\/p>\n

At press time, the alt traded at $6.7141 after noting a 7.35% 24-hour gain. The <\/span>RSI\u00a0<\/span><\/strong>was at the 71-mark and displayed a sweeping bullish bias. Considering the overbought RSI threat and the reversal pattern, it would only be natural to witness a near-term setback.<\/span><\/p>\n

Chainlink (LINK)<\/span><\/strong><\/h4>\n
\"\"<\/a><\/p>\n

TradingView, LINK\/USDT<\/p>\n<\/div>\n

After witnessing a bearish rising wedge breakdown on 9 December, the price action transposed in a down-channel and tested the immediate support at $17.7 nearly seven times in the last 13 days. However, the altcoin marked a 29.68% incline from the 15 December low over the past 11 days.\u00a0<\/span><\/p>\n

During this phase, LINK formed a\u00a0<\/span>double bottom<\/span><\/strong>\u00a0on its 4-hour chart and saw an expected breakout. Accordingly, the\u00a0<\/span>Supertrend\u00a0<\/span><\/strong>continued to flash buy signals.<\/span><\/p>\n

Now, the $22.2-level resistance stood as a testing point before any further upturn. <\/span>At press time, LINK traded at $0.0. The\u00a0<\/span>RSI\u00a0<\/span><\/strong>swayed near the 63-mark, hinting at a bullish preference. Also, the\u00a0<\/span>DMI\u00a0<\/span><\/strong>preferred the bulls and resonated with the bullish momentum.<\/span><\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The last week marked a reasonable recovery while Ethereum and Chainlink poked their two-week highs on 24 December. Ethereum seemed to hold the $4,000 mark and now strove to test its immediate resistance. SAND touched its three-week high on 26 December after forming a rising wedge (reversal) pattern. Ethereum (ETH) TradingView, ETH\/USD Over the past […]<\/p>\n","protected":false},"author":1,"featured_media":2957,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[14,681,806,158,195,2567],"class_list":["post-2956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-analysis","tag-chainlink","tag-december","tag-ethereum","tag-price","tag-sand"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2021\/12\/shutter_speed-wuG7LKcDx2w-unsplash-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2956"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2956\/revisions"}],"predecessor-version":[{"id":2958,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/2956\/revisions\/2958"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/2957"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2956"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}