Chainlink Peak Mimics Wyckoff Distribution Schematic, Altcoin Selloff Could Accelerate

The cryptocurrency altcoin known as Chainlink has had a banner year, bringing investors in the project gains of over 1,100% from trough to peak.
However, a violent selloff has begun in the asset, with investors taking profit following incredible returns it amassed throughout the year. The price action closely mimics a Wyckoff distribution schematic that suggests the selling will continue in the foreseeable future.
A Look Back At The Altcoin’s Year of Strong Performance
Ever since the crypt