LINK is showing little volatility a correction is possible
LINK has been the best performing coin of 2019 and one of the most exciting projects in the crypto space, I'm extremely bullish in the long term and we might see it in the top 10 pretty soon.
But right now volatility has shrunk incredibly with the ATR falling rapidly and the donchian channels becoming more narrow.
The loss of volatility usually happens before a big move so this could mean LINK with making a big swing pretty soon.
I'm starting to think this move will be BEARISH, because the impressive performance of LINK we might see the early adopters taking big profits and pushing the price down towards the previous resistance at around 2.40
It appears devs are moving some of their funds to Binance if they proceeded to sell this might trigger the fall to 2.40
I have already taken my profits and I expect a short term correction towards 2.40 before the uptrend can continue
But right now volatility has shrunk incredibly with the ATR falling rapidly and the donchian channels becoming more narrow.
The loss of volatility usually happens before a big move so this could mean LINK with making a big swing pretty soon.
I'm starting to think this move will be BEARISH, because the impressive performance of LINK we might see the early adopters taking big profits and pushing the price down towards the previous resistance at around 2.40
It appears devs are moving some of their funds to Binance if they proceeded to sell this might trigger the fall to 2.40
I have already taken my profits and I expect a short term correction towards 2.40 before the uptrend can continue
