Chainlink Prints Harrowing Reversal Sign After 500% Rally from March Lows

One of the best-performing crypto assets over the past month has been Chainlink (LINK). From the March lows to the recent highs, the asset has rallied approximately 500% against the U.S. dollar. Analysts expect a reversal for the altcoin against the U.S. dollar and against Bitcoin as momentum lets up. This has been compounded by a growing sentiment that the entire altcoin market will see a pullback due to market trends. As of the time of this article’s writing, LINK is trading at $7.50, around 16% below its recent all-time high of $9. Analysts think the asset has further to drop despite the already strong correction. Chainlink (LINK) Prints Correction Signal According to a Telegram group tracking occurrences of the Tom Demark Sequential “9” candles in markets, Chainlink just printed a sell signal against Bitcoin. “LINK/BTC Sell 9 Weekly,” the Telegram group wrote in reference to the chart below. Tom…

Read the original article here

IF YOU LIKED THIS ARTICLE CLICK SHARE