Chainlink Bearish Trend Confirmed (Fear vs Greed)

29 set

We can see Chainlink (LINKUSDT) reversing before reaching its EMA233 resistance. A bearish signal.

We can see that this pair has been in a bearish trend since March 2024.
We can see lower highs and lower lows.

We can see the continuation of this trend.
We can see another drop coming next.

We tend to postpone taking action until the time is right and things only get worse every day.
With experience, we realize that the right time never comes.

After the event, we think... I could have done such and such, if only I had the courage to take action before it was too late.

The chart is bearish.

Chainlink moves together with Bitcoin, Ethereum, Binance Coin, Solana and the rest.

Chainlink being bearish confirms a bearish Bitcoin.
The reversal right below EMA233 is a strong bearish signal.

The potential is high for another drop.

Prepare for the crash.
The final one if 2024.

Thank you for reading.

Namaste.