Chainlink vs TetherUS (LINKUSDT) seems to be in a distribution phase.
We have lower highs, prices moving below EMA50, the MACD entering the bearish zone and the RSI going bearish below 50... This can all signal lower prices.
The next support is set at MA200 at 8.28. This is close to the 0.618 Fib. retracement level at 8.52.
The next move will depend on how this level is handled.
right now market is trying to get many people out, you can see a bath blood in altcoins, be very very careful guys. Altcoins is going to be very very long and painful.
AlanSantana
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@hevelyus, It will all change pretty soon... Not necessarily for this pair but for the altcoins market.
The altcoins market will start to grow big within days.
Namaste.
WineTrader888
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Can you give us an update. Right now price is at 14,350 ish
Harry_Seldon
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After such a huge wave up, this retrace is pretty normal. Even not considering the altcoin massacre we're experiencing.
Pretty standard for LINK actually. It should take a few more weeks but I hope to get the next wave up !
InkyGrip
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nice chart 🦐👏🏻
Babenski
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hello alan ...here were the early signs of Bearish i published few days later