With crypto red across the board today, we took a look at Chainlink. Chainlink was enjoying a nice green candle as BTC was falling below 9500 and ETH pressed 188.
Chainlink, like many alts, has retraced 23% of its recent decline. We have seen altcoins make significant moves to test their respective 23% Fib numbers -and then fail.
So, it's excellent that Chainlink is up on a day everything else is down. It has to make another significant advance before we can see that the Chainlink rally is anything other than a bear market rally.
Chainlink, like many alts, has retraced 23% of its recent decline. We have seen altcoins make significant moves to test their respective 23% Fib numbers -and then fail.
So, it's excellent that Chainlink is up on a day everything else is down. It has to make another significant advance before we can see that the Chainlink rally is anything other than a bear market rally.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.