Hey everyone. I hope ya'll are doing ok after that pretty brutal price action from this morning. I just wanted to post this as this link pitchfork has been holding strong for months and months now.
- We can see multiple times that the bottom 1.0 prong has been tested and has held. This is actually a pretty incredible trend line that has been a rock solid floor for the growth of Chainlink. I don't see that changing in this instance either.
- In bullish news? We've bounced and rallied decently well off this bottom blue trend line, and a touch of the 1.0 prong has lead to consolidations followed by massive rallies to all time highs pretty much each time it's done this.
- Long term view? We're still safely inside the 1.0 deviation here, and the macro trend is in tact. Again, I'm just buying and holding chainlink. I think trying to time the markets or over leverage yourself is asking to get spanked in this volatile market.
Either way, $ASS, and $CUMMIES and all the little Fin Tok kids having a blast creating meme coins and leverage trading for fun? That had to get spanked.
We're still set to have a great summer for growth in crypto, and especially defi. Link + Arbitrum will change the world. Soon after that I'd imagine link staking will be announced. And once that's on? It's go time for the price.
- We can see multiple times that the bottom 1.0 prong has been tested and has held. This is actually a pretty incredible trend line that has been a rock solid floor for the growth of Chainlink. I don't see that changing in this instance either.
- In bullish news? We've bounced and rallied decently well off this bottom blue trend line, and a touch of the 1.0 prong has lead to consolidations followed by massive rallies to all time highs pretty much each time it's done this.
- Long term view? We're still safely inside the 1.0 deviation here, and the macro trend is in tact. Again, I'm just buying and holding chainlink. I think trying to time the markets or over leverage yourself is asking to get spanked in this volatile market.
Either way, $ASS, and $CUMMIES and all the little Fin Tok kids having a blast creating meme coins and leverage trading for fun? That had to get spanked.
We're still set to have a great summer for growth in crypto, and especially defi. Link + Arbitrum will change the world. Soon after that I'd imagine link staking will be announced. And once that's on? It's go time for the price.
