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Coinathlon
Aug 11, 2020 9:54 AM

LINK beyond parabolic Long

ChainLink / BitcoinBinance

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LINK has moved beyond its parabolic curve and is set for a healthy retracement. Volume is smaller than with previous runs and the RSI is exiting the overbought region (this usually is a good thing, but in this case it has historically been a sign of retracement).

I'm expecting a retracement to the 1 FIB (97K sats). If it breaks we might see a return to the curve.

Stay strong marines
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