Chainlink, still not feeling good.
Chainlink is just working its way sideways. This could be a very telling week for LINK. It is sitting at or below the trend line that’s about 9 months old. To drop and stay below would keep 1.60 in play with some resistance on the way down about 1.85.
The daily candle seems to have been completely below the long term trendline, not pictured. The MACD is still bearish and the volume weak.
I see overall weakness in LINK at the moment. Even with bitcoins short term move up, LINK did not enjoy that uptick and is just lying there. I’ll keep the stick in my hand and just poke it from time to time, maybe it will wake back up. Maybe it will roll over and go back to sleep.
Thanks for listening.
satoshmike
I am not a professional trader, investor or adviser. This is not, in any way, financial advise. Always do your own research.
Twitter - @satoshmike
Chainlink is just working its way sideways. This could be a very telling week for LINK. It is sitting at or below the trend line that’s about 9 months old. To drop and stay below would keep 1.60 in play with some resistance on the way down about 1.85.
The daily candle seems to have been completely below the long term trendline, not pictured. The MACD is still bearish and the volume weak.
I see overall weakness in LINK at the moment. Even with bitcoins short term move up, LINK did not enjoy that uptick and is just lying there. I’ll keep the stick in my hand and just poke it from time to time, maybe it will wake back up. Maybe it will roll over and go back to sleep.
Thanks for listening.
satoshmike
I am not a professional trader, investor or adviser. This is not, in any way, financial advise. Always do your own research.
Twitter - @satoshmike