The failure of bulls to close the week near the highest point shows profit booking at higher levels.
If the price fails to break out of $1.85, the reversal pattern will not come into play and a few weeks of consolidation between $0.83 and $1.85 are possible.
LINK/USDUnlike other major cryptocurrencies, Chainlink has been volatile and has been finding a place either among the top losers or the top gainers for the past few weeks.
The LINK/USD pair has found support at the 61.8% Fibonacci retracement levels of $2.0175 for three successive weeks.
If bulls fail to propel the price above $2.8498, the pair might remain range-bound for a few weeks.
The past week saw a flare-up of trade war between China and the U.S. and a rate cut by the U.S. Federal Reserve.
Can Bitcoin extend its rally in the next few weeks? Let's find out.
BCH/USDBitcoin Cash celebrated its second birthday on Aug. 1 and ended up as the fourth-best performer of the week.
XMR/USD. Monero rounded up the list with gains of just over 8%. Can the cryptocurrency extend its gains in the coming weeks? Let's have a look at its chart.
The bears broke below the support at $81.4151 in the past week, but could not capitalize on the breakdown.
Top-5 Crypto Performers: XTZ, LINK, BTC, BCH, XMR
Published on Aug 4, 2019
by Cointele | Published on Coinage
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