BavanTrader

LINKBTC MOVES DOWN

Short
BINANCE:LINKBTC   ChainLink / Bitcoin
The exact day when BTCUSDT reached its 2020 high (16 Aug), LINKBTC has started its downtrend. This trend seems to be fit well in the channel as the chart presents. If the price do not penetrate the trendline and falls again, we will see the LINKBTC price around the channel line during a few days ahead with some probable pause and retracement on sup/res lines. By the way, an increase in volume around the trendline make sense!
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.