its_maxbro

$LINK: Bollinger bands paint a pretty clear picture

BINANCE:LINKUSD   ChainLink
On the daily, the bollinger bands show us pretty consistent behavior in the last few weeks when #Chainlink opens outside the bands and bearishly closes inside them. You can see multiple examples of this under the green arrows. $LINK also behaves pretty regularly by going down to test the middle bollinger band when it does correct like this. I wouldn't be surprised if we see a small recovery with a little more blood down to that $25 dollar range? It would be painful for sure, but not anything that we haven't already seen multiple times in the recent past.

Either way. I'm taking this opportunity to buy more... anything under $100 dollars is FUD, and fundamentally? I think that Chainlink has the potential for four figures if #defi continues its meteoric rise. $LINK is a long term hold for me, so this minor price action doesn't scare me at all. Honestly, I love the opportunity to buy more.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.