Chainlink (LINK) Prints Macro Sell Signal After Parabolic Rally Above $15

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Chainlink is inching higher. It now trades for $17.50 as of this article’s writing. The coin may soon be subject to a strong reversal as the Tom Demark Sequential prints a reversal signal. The Sequential is a time-based indicator that prints “9” and “13” candles when an asset is poised to see a reversal in its trend. Chainlink Forms Monthly Reversal Signal Chainlink has seen a serious rally over the past few months. As of this article’s writing, the leading cryptocurrency trades for $16.50, up a handful of percent in the past week. The cryptocurrency is trading below its all-time high price at $20. LINK is down 17.5% since those highs, but remains at notable levels due to bullish market pressures. LINK may be subject to a strong reversal, though, at least according to a notable indicator. The Tom Demark Sequential recently formed a “sell 9” on Chainlink’s monthly chart.…

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