{"id":436901,"date":"2020-09-02T01:00:40","date_gmt":"2020-09-02T01:00:40","guid":{"rendered":"https:\/\/wncen.com\/?p=436901"},"modified":"2020-09-01T19:03:31","modified_gmt":"2020-09-01T19:03:31","slug":"chainlink-monthly-finish-flashes-grand-finale-sell-signals","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/chainlink-monthly-finish-flashes-grand-finale-sell-signals\/","title":{"rendered":"Chainlink Monthly Finish Flashes Grand Finale Sell Signals"},"content":{"rendered":"
Chainlink has been the biggest success story<\/a> in the crypto market since the 2017 bubble popped. In 2020 alone, the asset is up over 700%. From low to high the asset surged over 1200%, helping to grow the altcoin’s market cap to nearly as large as the Ripple and Tether.<\/p>\n But after such a sizable rally, it could be a situation of the bigger they are, the harder they fall, now that LINKUSD has triggered two sell signals on monthly timeframes.<\/p>\n With last night’s August 2020 close<\/a>, a new monthly candle began. The TD Sequential indicator counts each new candle as another step in a sequence. When a series of candle closes follows a specific sequence, the indicator will provide a setup signal.<\/p>\n If the sequence fails to complete and reach a 9 count, the series will begin again. A 9 count is just one type of sell setup along with a 13-candle countdown.<\/p>\n When these signals appear, it signals trend exhaustion<\/a> and that a reversal could soon follow. The tool has been used throughout crypto and the broader financial market to accurately time tops and bottoms.<\/p>\n Related Reading |\u00a0 Mega Bitfinex Bitcoin Whale: Chainlink FOMO Will Eventually Fizzle<\/a><\/strong><\/em><\/p>\n More weight is given to each signal depending on how high of a timeframe the signal is found on. For example, a TD 9 sell on a 4-hour chart, isn’t nearly as impactful as a sell signal on the daily or weekly.<\/p>\n Chainlink, the once-unstoppable cryptocurrency, just triggered not one but two of these ominous signals on one of the highest timeframes possible: the monthly.<\/p>\n <\/p>\n The new September monthly candle open in LINKUSD, immediately triggered a 9 and 13 sell setup on the TD Sequential indicator<\/a>. The tool has near-perfectly called almost every major Bitcoin top and bottom.<\/p>\n Because the signal is appearing on the way up at what could be the peak of a parabolic climb, the signal hints at downside, not continuation. Whether or not a complete reversal is in the cards remains to be seen.<\/p>\nAll About The TD Sequential Indicator And What It Means For The Chainlink Rally<\/h2>\n
LINKUSD Monthly TD Sequential 9 & 13 Sell Setup | Source: TradingView<\/pre>\n
TD 9 Sell Setup Triggers On LINKUSD One-Month Price Charts<\/h2>\n