Chainlink vs USD

Possibly the most bearish chart I've seen in a while. Monthly bearish divergence is a powerful indicator not to be ignored.

1st target $1.20,

2nd target $0.70

Comment:

The bearish divergence has now grown ever more clearer on the weekly chart.

Have doubts? Some things we should consider:

1) In only 18 months we had gains of 2200%.

2) You read that correctly, $0.20 to $4.70

3) The bullish sentiment surrounding this project amongst Youtuber's is impressive, all calling for the project to go to the moon without realising we've already past Jupiter.

Don't be the herd, be the contrarian. Walk alone, be different, be profitable.

Comment:

4-day chart printed a new candle yesterday - the bearish outlook remains and is showing signs of an imminent price collapse.

1) The rising wedge in price action (orange callouts), this is a bearish indicator.

2) The Money flow index is printing lower highs in divergence with the higher highs in price action.