Chainlink is a platform that serves as a link between blockchains and real business. The idea is good, but not sufficiently developed. There are no descriptions of project progress activities in the official channels. The token should not be considered as a long-term investment.
The chart shows that the asset does not linger in portfolios and used mainly for speculation. There is a lack of strong areas of support and resistance.
In May, the trade volume fell sharply, almost 90%, and did not return to it's previous level. Thus, there is the low coin liquidity. Asset can be considered as a tool for intraday trading, during the day it shows a volatility of 7-15%, weekly - 30-40%.
The point of entry into the asset is not earlier than the price reaches the level 0.000038-0.00004. Be sure to use the stop-losses, because the rate is a subject to manipulation.
It is worthwhile to consider charts with a smaller time frame to make decision.
The chart shows that the asset does not linger in portfolios and used mainly for speculation. There is a lack of strong areas of support and resistance.
In May, the trade volume fell sharply, almost 90%, and did not return to it's previous level. Thus, there is the low coin liquidity. Asset can be considered as a tool for intraday trading, during the day it shows a volatility of 7-15%, weekly - 30-40%.
The point of entry into the asset is not earlier than the price reaches the level 0.000038-0.00004. Be sure to use the stop-losses, because the rate is a subject to manipulation.
It is worthwhile to consider charts with a smaller time frame to make decision.