LINKXBT Finally Cooling Off After A Historic Run
After a historic run over the past few days (since April 6th, 2020 @ 09:00 EDT), 
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.
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.
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.