pekobites
Short

Bearish trend is forming for LINK, a short term downtrend?

BINANCE:LINKUSD   ChainLink / US Dollar (calculated by TradingView)
LinkUSD has been by far one of the best performing cryptocurrencies this year, with one of the best teams and projects out there this is a solid project LONG TERM, but right now is showing some bearish signs for the SHORT TERM.

After the massive uptrend for the last few weeks, Link has started to fall and the previous area of support around 3.20, has been breached downwards, becoming a new resistance and keeping LINK just barely above the psychological level of 3.0.

The Ichimoku cloud shows that we have entered a downtrend as we are currently below the cloud and the MACD shows a bearish crossover, this coupled with low volatility could mean a big movement down could be about to happen, possible back to 2.0 or even below.

I will continue to accumulate once 3.0 is broken down, LINK is still a great investment and my best ROI this year by far.
Comment: I have more than 95% of my assets in USDT and I'm waiting for a better entry
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