Long

ChainLink Parabolic Trajectory

It has been nothing but a crazy run for Link in 2020. Link has been on this upper sloping parabolic trajectory since 2018. When I initially first spotted this curve, I thought, no way that's possible, but here we are with multiple touches and rallies off of the parabolic trajectory.

I don't think Link is going to make a run for the ATH territory just yet but with new real world integration and partnerships, I can see LINK one of the leaders of the next crypto bull market

If anyone is on the sidelines or wanting to add to their position, my first instinct would be to wait for a touch to the upper sloping curve and add a small position. Because that curve isn't sustainable and will break sooner than any of the other support lines. I would look to add a decent size starting at the red level and all the way down to the green line. Happy Trading!

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