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sacred73yt
Jun 14, 2022 6:00 PM

LINKETH - MONTHLY BREAKOUT (LONG) $LINK  Long

LINKUSD/ETHUSDCoinbase

Description

Chainlink LINK has broken out of a brutal downtrend against Ethereum ETH. LINK has been bleeding against ETH since August 2020 and finally looks ready to breakout of the trend and hopefully go to new ATHs. Link was the star of last bear market, and as we head into poor macro conditions, it looks like history may repeat itself. LINKETH is also sitting on major support and I'm fairly confident that it will hold strong. This could be another fakeout like we saw a few months ago - but I'm optimistic LINK will start outperforming soon regardless. During the mania phase, the market greatly over valued various L1s, meme coins, metaverse, governance tokens, etc. Its time for a return to normalcy and for only the strongest projects to survive/thrive.
Comments
scarpettaoldlyme
closely watching this pair to from a long time , i think we ll start with the link eth breakout , than it ll be moon for link . it s about time for link !
sacred73yt
@scarpettaoldlyme, same man. its been rough being a link holder and watching this pair the last year or two, but im still optimistic about the future
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