Given the upcoming main net launch in Q2, we also have a strong fundamental catalyst to get this one pumped (e.g. people will then stake their LINK-holdings - cfr . Vechain; + this is required for their highly ambitious plan to get decentralised "Oracles").
Moreover, in the MACD we see a golden cross, while the provides a more mixed view (first still some movement down before we can really lift off?) Furthermore, it would make sense that this one starts the second part of the here, although has been spiking all over the place, which is rather uncommon.
We already had some nice green in the previous days. If we have that when we hit the triangle resistance somewhere in the next days, that would be great news for a break-out.
On the 4-hourly, we indeed see some signals, hinting to a downmove first. But after that, theory suggests we should see some decent uptake.
4hourly chart versus the dollar:
Let's check the BTC graph:
This one seems to tell a similar story, although it formed a cool cup & handle-ish figure and then made a triangly handle. Now, that would be one ugly and loooooong handle, so I I'm not sure we should consider it like that. But the point remains, it is approaching the end of the triangle with similar signals as in the USD graph.
So after this rapid analysis: likely first a leg down before we can go for a break-out test. The chart tells the remainder of the story quite clearly. Good luck.
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