LINK Stumbles on the Path to $10

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In Brief
  • -There is major resistance at $8.90 and minor resistance at $8.

  • -There is minor support between $6.20-$7.20 and major support at $4.80.

  • -Link has possibly completed an impulsive five-wave upward movement.

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The Chainlink (LINK) price has been decreasing since it reached an all-time high of $8.90 on July 15.  While there are short-term signs of a reversal, it seems that LINK has already reached its top and is currently in a prolonged correction. LINK Tops Out The LINK price has been increasing at an accelerated rate since it broke out from the $4.85 resistance area on July 6. The rally
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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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