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Shmebulock
May 8, 2021 7:11 AM

LINK/USD Pitchfork trendline  

Chainlink / United States DollarCoinbase

Description

For the next year it looks like we'll end up with somewhere between a $140 to maybe even a $300 LINK. Anywhere in the lower blue band would be the best place to buy.

Comment

Trend is still intact even after that massive drop, it's still in our beautiful lower blue range, still a very attractive area to buy if this isn't the start of a 3 year bear market.

Comment

Wow...3 year pitchfork trend since Dec 2018 is now invalidated. Brutal
Comments
noelbyr1928
Many thanks! Let´s wait and see!
noelbyr1928
Many thanks for the analysis. Do you think we could actually retrace back to the low 40s?
Shmebulock
@noelbyr1928, Of course. This is crypto after all, if Bitcoin enters price discovery again (which at this point seems like a certainty) it'll suck the narrative and oxygen from the crypto market for at least a little. I see this as normal and healthy, we'll have multiple 20-40% correction this year imo. And if I ever see LINK deep in the blue bar I'm going to buy a bunch more. Last time I bought was Dec 21, it looks like I timed it perfectly and I hadn't even charted this out yet.
CptnAhab
@Shmebulock woooaaah your last buy was in the future. Marty! We have to go back!
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