Hey ya'll this is just kind of a check in. In my "we've seen this before..." post that I linked below, we talked about how LINK usually behaves before massive runs. The price action did in fact dip to that 20 dollar lower blue line. And with that we saw a LOT of buy support created. As you can see now, on the 4 hour chart we've formed a nice higher low, above lower 1.0 blue deviation. We're currently testing the 0.5 deviation and if we don't reclaim that? I'd look for another leg down. If LINK's PA follows previous fractals? I'd expect it to range for quite a while in this channel that we're in? But if we fight above the 0.5 pitchfork prong? Then we're building back those patterns and consistencies in behavior.
Either way. LINK staking is coming... you have until then to stack as much as you can before it leaves this hilariously low price range, and we push up towards 3 figures and beyond.
Just be patient. It's probably going to range for a month or two.
@cache_that_pass, Super Linear Staking is explicitly defined in the Chainlink white paper 2.0. We don't know a specific date for when that'll be released, but whether or not staking will be a part of the Chainlink network has been without question since day 1. Hopeful rumors are pointing to the Aug 5th Smartcon as a logical time and place to announce.
Sirius767
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1000 dollar in the future?
its_maxbro
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@Sirius767, If smart contracts are used to automate and change the world in the way that the internet changed the world.... then a decentralized network of oracles that enable smart contracts to compute, decide, and execute with verified truthful data? Can easily be worth that.