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Chainlink, Ethereum Classic, Avalanche Price Analysis: 05 December
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As the fear sentiment kicked in, the market saw an enormous sell-off over the past day. This decline led to an invalidation of long-term bullish outlooks of several cryptos, depicting a superior bearish influence for a while now.
Altcoins like Chainlink and Ethereum Classic showed revival signs from their historical supports, but their trend and technical indicators were still on the bearish side.
TradingView, LINK/USDT
Chainlink invalidated its long-term bullish trend after a steep plunge poking its 19-week low on 3 December. The crypto had been slackening after hitting its six-month high on 10 November. This descent marked a down-channel while LINK bulls struggled to uphold the two-month support level at the $23.8-mark.
Then, the bulls
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