Chainlink slips below its 100-day line as long bets shrink by a third

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Chainlink trades at $11.11 and falls below its 100-day line at $11.36. At OKX the long-short ratio has dropped from 3.18 to 2.10 since October 24, and the 200-day line sits at $10.03.Add as a preferred source on GoogleFollow on Google NewsWhat is established: Chainlink stands at $11.11 on Monday evening, November 2, below its average of the past 100 days, which by our calculation is $11.36. On Sunday LINK still closed at $11.65, above that line. At the same time, the ratio of long to short accounts at the exchange OKX has fallen from 3.18 to 2.10 since October 24. Our assessment follows further down: the market is unwinding its one-sided bets on rising prices, and the next reliable level only comes at the 200-day line around $10.03. The price data come from CoinGecko. Over 24 hours LINK is down 3.2 percent, over 30 days just under 20 percent. The daily high was $11.45 and the daily low $11.02. Bitcoin gave up 1.3 percent over the same period, ether 0.6 percent. LINK is...