Chainlink’s (LINK) Massive Rally May Finally Be Kaput

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In Brief
  • LINK weekly chart shows considerable weakness.

  • There is resistance and support at $16.85 and $13.75.

  • The price has likely completed the B wave of an A-B-C correction.

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The Chainlink (LINK) price has been decreasing since reaching a high of $20.11 on Aug 16. It's likely that an almost three-year-long upward trend has ended and LINK has now begun what could be a potentially lengthy correction. LINK Shows Long-Term Weakness The LINK price has been steadily increasing since October 2017, but it really started to accelerate at the beginning of March of
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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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