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Traders Flip Short on Chainlink as It Flashes Some Major Warning Signs – NewsBTC

One trader is expecting Chainlink to see a rejection at $13.00, which could spark a sharp selloff that sends it reeling significantly lower



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Chainlink has been caught within a prolonged consolidation phase throughout the past few weeks, with the cryptocurrency largely trading between $12.00 and $12.70.
This consolidation has done little to offer insights into its near-term outlook, as its bulls are still reeling from the damage done to its market structure following the $20.00 rejection.
Analysts are now noting that where it trends next may depend largely on its ultimate reaction to a key resistance level that its price is fast app…

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