$LINK: Likely inverse h&s or double bottom forming
Updated
#Chainlink: I wouldn't be surprised to see the PA test the green box area where the previous wicks ended. Below the lower red line, and I'd start to zoom out on time frame and look for fib levels and s/r levels to show some confluence as to where this would bounce. You can also see the bottom of the bollinger bands have some nice confluence with those levels. However... I highly doubt that buyers don't step in here as we test the previous dip prices. $24.50 would be the price that I'd set my buy orders at. If it bounces from that green box, then that would look like a decently shaped inverse h&s. If continues below that to the red support line that would also be a higher low. Even if it dips down to 19 dollars we're still forming bullish patterns... If it goes that low? I'll be very happy to buy more at that level.
Fundamentally: The ETH wallet that has been confirmed as one of the Chainlink team's main wallets has been dumping about a million
LINK on the market every week. There are multiple videos exploring this. That being said, it gives a pretty clear picture as to why the price of link has been suppressed by so much, that doesn't really matter though :) We like cheaper link. We like buying more LINK every week at a decent price. Patience is key here.
Fundamentally: The ETH wallet that has been confirmed as one of the Chainlink team's main wallets has been dumping about a million
LINK on the market every week. There are multiple videos exploring this. That being said, it gives a pretty clear picture as to why the price of link has been suppressed by so much, that doesn't really matter though :) We like cheaper link. We like buying more LINK every week at a decent price. Patience is key here. Note
Bitcoin's supertrend on the daily just flipped bearish. I wouldn't be surprised to see more blood here across the markets. LINK historically has done pretty well against bitcoin bearish action? So we'll see how she does. Also, when it turns around? And pumps? People are gonna fomo real hard into all the big caps. I'm buying as much link as I can while it's still so cheap. Ridiculously undervalued at the moment.
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