I think it's always important to look at larger time frames when truly considering a long term hold asset like $LINK. Remember fam, we're early investors in one of the most important technologies to the entire crypto space. Looking back on 10 dollar price swings, will be something that we all laugh about in the near future. I will never tell you what to do... but I bought the dip at $27, and I'm buying more at $25, and I wish I had bought more at $20....
Technically: This logarithmic weekly chart combined with a simple pitchfork, really shows us the trend we are in. We can see how this weekly candle falls safely inside that trend and how the lower wick tested and is currently respecting the median. If we draw some "what if" price action? We can clearly see that a dip to $7 dollars would still be contained by this trend, and that it would still be extremely bullish. In the next few months... if we pumped to $60 dollars, corrected back down to $30 and then pumped back up to $127 dollars it would be captured by the 1.0 prongs alone!
TL:DR #Chainlink is a long term hold. We're holding and accumulating as much as we can before institutions start completely relying on smart contracts, and the chainlink network becomes the pillar that an entire digital economy is built upon. Until then? Just take a step back and have some perspective. Enjoy the ride.
Technically: This logarithmic weekly chart combined with a simple pitchfork, really shows us the trend we are in. We can see how this weekly candle falls safely inside that trend and how the lower wick tested and is currently respecting the median. If we draw some "what if" price action? We can clearly see that a dip to $7 dollars would still be contained by this trend, and that it would still be extremely bullish. In the next few months... if we pumped to $60 dollars, corrected back down to $30 and then pumped back up to $127 dollars it would be captured by the 1.0 prongs alone!
TL:DR #Chainlink is a long term hold. We're holding and accumulating as much as we can before institutions start completely relying on smart contracts, and the chainlink network becomes the pillar that an entire digital economy is built upon. Until then? Just take a step back and have some perspective. Enjoy the ride.
