ChainlinkUpdated Chainlink lesson.
Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects.
Lower mining income could lead them to capitulate.
That way miners difficulty go down.
... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor.
Emvo.
*This is not any financial advice.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects.
Lower mining income could lead them to capitulate.
That way miners difficulty go down.
... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor.
Emvo.
*This is not any financial advice.
Note
Note
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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.