SCOTCHstocks

Chainlink Is Undervalued

Long
BINANCE:LINKBTC   ChainLink / Bitcoin
I tried to be as clear as I could with the takeaway message of this ratio chart.

When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC . When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.

Suffice to say, I am using some of my BTC profits to scale into COINBASE:LINKUSD . Chainlink is undervalued when compared to Bitcoin .

The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
Trade active: A bullish, falling wedge pattern has formed on the LINK/BTC ratio chart. If this breaks out to the upside (green bubble area), you won't want to miss out on the move up that LINK would be making. Something to keep an eye on.

Trade active: Weekly chart - zoomed out view.

Comment: A daily close above would confirm liftoff! Don't say we didn't tell you ahead of time.

Trade active: We ended up not getting the daily close after all. Still just grinding and grinding. Can we finally breakout? We'll find out soon!

Comments

100% agree. For such reason there is a Grayscale Link Trust
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