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LINKXBT

LINKXBT Finally Cooling Off After A Historic RunAfter a historic run over the past few days (since April 6th, 2020 @ 09:00 EDT), KRAKEN:LINKXBT may finally be cooling off. Over the course of three days, LINK/XBT rose from around 0.0003345 XBT to a high of 0.00047499 XBT marking a solid 42% gain. Since that highest price point, LINK/XBT has started cooling off noticeably and has drifted lower and currently rests at about 0.0004399 XBT (as of right now). Is the momentum completely over or is this a temporary "regrouping" or "consolidation" period? Historical precedent would advise us that (as with all things in this universe) "what goes up must come down" - and "every action has an opposite and equal reaction". Therefore, it would be wise to be prepared for at least a gradual decline before things pick up again. As with all things crypto, we'll just have to wait and see what comes next.
by finexus
Chainlink ready to retest the $1.95 support area? Chainlink, a highly correlated coin with Bitcoin in the past 18 months and one of the best performers in 2019. However, are we going to see continuation of that or are we topped out for now? Price rejected at the $2,33-2,35 resistance here, which could mean that we’re going to see some retests. I’d be expecting this downfall to occur if Bitcoin can’t keep on pacing upwards. Crucial for Bitcoin is a similar breakout to the upside in the next 24-48hours. Rejection and a lower high here and I’m aiming for $1,95 and $1,60-1,70 as potential long entries. If we break $2,33 and I’m going to play the retest towards $2,80.
by CryptoMichNL