LINK - when you plan to explode?
Chainlink is current No. 15 coin by market cap (around 15 bil. $). For comparison: DOGE 35 bil.; XRP 55 bil.; ADA 67 bil. $
Everyone knows how strong LINK is and I don't see any scenario where it will stay on 15 billion $ M. Cap! It is just so dam low.
Another great simple indicator for crypto I love is YTD % on Coin Market Cap. LINK is at 180% while BNB is 1600%, SOL is 12615%, LUNA is 7645% etc. up to today.
Now if we get back to chart:
main resistance is around 35.5$, and once it's conquered I expect 50+$ region in no time.
For short term situation I will monitor 21 D MA (black line) and in case of dump, my orders are ready around 200 D MA (and anchored VWAP - blue line) around 27$.
When it come to targets, I will start slowly decrease my position above 70$ region, while main target is pure guess right now and I will put it at 3.618 fib. extension around 160$ (365% gain).
If you like analysis please consider leave a like or comment! Thanks :)
Everyone knows how strong LINK is and I don't see any scenario where it will stay on 15 billion $ M. Cap! It is just so dam low.
Another great simple indicator for crypto I love is YTD % on Coin Market Cap. LINK is at 180% while BNB is 1600%, SOL is 12615%, LUNA is 7645% etc. up to today.
Now if we get back to chart:
main resistance is around 35.5$, and once it's conquered I expect 50+$ region in no time.
For short term situation I will monitor 21 D MA (black line) and in case of dump, my orders are ready around 200 D MA (and anchored VWAP - blue line) around 27$.
When it come to targets, I will start slowly decrease my position above 70$ region, while main target is pure guess right now and I will put it at 3.618 fib. extension around 160$ (365% gain).
If you like analysis please consider leave a like or comment! Thanks :)
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