Link is forming a typical ascending triangle formation. If Bitcoin doesn't push downwards then we should see a big pump for Chainlink in the following days.
Note
Demand is lower than supply, therefore we are observing lower highs. Volume is also decreasing which shows consolidation. Now everything depends on BTC.
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Disclaimer
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.