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Chainlink (LINK) Forms Macro Reversal Signal After Rally 70% in the Past Month

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  • After retracing by approximately 20% from the local highs, Chainlink (LINK) is surging higher once again. Against the U.S. dollar, the cryptocurrency now trades at $8.33 — a price 7.75% higher than it was 24 hours ago.
  • The asset is unfortunately forming a macro reversal signal on its chart that predicts LINK may soon drop once again.
  • Further suppressing altcoin gains, analysts expect volatility in the price of Bitcoin and Ethereum to act as a weight on altcoins.

Chainlink Prints TD Sequential Reversal Signal

The ratio between Chainlink and Bitcoin (LINK/BTC) just printed a “sell 9” candle ...

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