- Trader and analyst Ali warned that LINK may correct to as low as $10.50 in the short term.
- The TD Sequential has presented a sell signal on LINK’s daily, 3-day, and weekly charts.
- At press time, LINK was down more than 5% and was trading hands at $15.29.
Cryptocurrency trader and analyst Ali on X warned that Chainlink (LINK) may undergo a correction soon. In the post published earlier today, the analyst revealed that the TD Sequential indicator for LINK has presented a sell signal on the altcoin’s daily, 3-day, and weekly charts.
It looks like #Chainlink is bound for a correction!The TD Sequential presented a sell signal on $LINK daily, 3-day, and weekly charts, anticipating a retracement toward $12.50. Failing to hold above this critical support area could extend the losses to $10.50.
Looking to buy… pic.twitter.com/jzk92ZFu25
— Ali (@ali_charts) November 13, 2023
The analyst also added that he anticipates a correction to $12.50 for LINK in the short term. Should it fail to remain above this key support mark, the altcoin’s price stands the risk of correcting down to $10.50, according to Ali.
LINK’s price seems to have already pulled back as …
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