NFA. Don't drag me, this is my first trade idea. Critiques are welcome.
I added to my LINK position at $25.
I also have buys set around $18-$20 in case the bottom of this falls out.
Not only do I think $20 would be a healthy correction, but it would set us up on very strong long term support that dates back to mid 2020 and give the long term support for LINK a very healthy trajectory; It may never happen though, if she holds this line and breaks upwards around mid April, she's never coming back.
If/when she breaks upwards I expect a retest of ATH, then establishment of support around $28 before new price discovery.
Good chart - I have something similar - April / May / June are going to be one of LINK's greatest quarters imho... with all the cash LINK has raised in the last 3 months, I think they announce a major acquisition that could shock the world. They've already raised over a $1 billion in capital ... they are definitely gearing up for something major and knowing they've been acquisitive in the past it's highly likely they are getting ready for another major acquisition.
mrdrdn
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@ich1baN, LINK keeps their moves quiet, I like that. Companies with long term objectives and vision try to subdue the hype in favor of long term trends according to the laws of marketing. I've never seen LINK themselves sensationalize any move they've made.
ich1baN
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@mrdrdn, and that's okay, I'm just making a prediction based on my background. I work in M&A. You don't raise $1 billion in cash to just watch it sit there. It will be put to use.
mrdrdn
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@ich1baN, we're on the same page. The lack of headline hype is a good thing IMO, as a marketer. Hype is a cash grab, trend is the long game. They're playing the long game from what I can tell.
ich1baN
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@mrdrdn, good point and agree. Although, there is a balance b/w marketing real projected milestones and marketing hype like Cardano does and doesn't deliver on in my view. The OCR upgrade is barely known among anyone in crypto and it should be given more light imo.
blakewhite
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@ich1baN, You don't have to explain yourself. You did an excellent chart and explanation below your chart. Im a newbie and am very appreciative