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AlanSantana
Apr 12, 2021 12:19 PM

ChainLink (LINK) Is Done! Short

ChainLink / BitcoinBinance

Description

ChainLink (LINKBTC) can potentially print lower prices.

We have bearish indicators, RSI and MACD, after multiple years of continued bullish action. A broader correction can develop.

Prices are trading below EMA10, EMA21, and EMA50.
The trading volume is super low.

Conditions for change
Moving and closing above 0.0006250 or EMA50 would switch the short-term potential back towards the bulls.

Namaste.
Comments
stevelaz
disagree
AlanSantana
@stevelaz, Even if you see a bounce short-term we have good potential for lower prices, the charts are always changing of course so make sure you have a plan and don't trade blindly based on this.

Thanks a lot for your comment.

Namaste.
cryptobullethbtcxlm
I would also say link is at end of correction... it does always follow btc, anyways im ready to but cheap link if the opportunity is there... one of most fundamentally strong projects in crypto; the moonboys are sleeping on it and institutional investors are accumulating
phreaktech
cryptobullethbtcxlm
@phreaktech, nice one
phreaktech
fayzondoe
Awesome work boss! Can you take a look at LTC/USDT please? I think it's about to blow up!
AlanSantana
@fayzondoe, I am no longer doing chart requests but I'll have a look at this last one for you.
hyipster
It's printing a higher low, looks more bullish than bearish IMO.
AlanSantana
@hyipster, But we are looking at a downtrend short-term and a correction is already in play.
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