Top chart is Chainlinks 3-year trend/band of the marketshare. We have seen a confident trend within and have just confirmed 2 weekly candles above support with a hint of reversal/bounce already. LINK/BTC (not shown here) is printing a reversal on the weekly as well, right above one of the strongest supports on the chart which has also been an old ATH level. Adding these up lead me to draw this parabola that has started way before any other crypto had a breakout. As I've always said, Chainlink is a first ever, regarding the performance over a bearmarket as altcoin. LINK/USDT went straight from a bearmarket pump into a long accumulation pattern, resulting right into further breakout (start). On the long timeframe, this builds up to a big parabolic curve that might end up gaining angle until peak bullmarket hits. My numbers for july are next to the chart. July is more or less just a random picked time/date about the level we can expect for marketshare and price of LINK/USDT. The optimistic being around $700, the mid above $200 and the low around 70$. For peak bullmarket I expect way higher numbers
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.