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As the market is in consolidation, this is not just any consolidation for LINK. History illustrates that LINK, the demi-god, has godly like pumps after bouncing off lower channel wall. And with more eyes on crypto, due to BTC, we could see LINK have some massive positive price action. Therefore, I would BTFD because Price-Discover Phase is coming.
*Note: This not financial advice, nor am I an F.A, thus please take my analysis with a grain of salt.
You're kidding yourself if you think LINK is going to $100 in the short to mid term. At best we'll get half way there before a prolonged period of consolidation and draw down, which will produce enough tension to blow LINK off to $100+ in the later half of 2021. Cheers
@B_Musk, Obviously the top of the channel wall that was drawn is around $50 to $60, which is more realistic. However, since there is not a lot of historical data on LINK, in conjunction with crypto as a whole is getting more exposure with on-ramps such as but not limited to Paypal, we could see some PayPal users dive into using exchanges. So, yes realistically LINK will hit around the $50 level, but optimistically it is possible it could hit $100. Also, keep in mind that LINK is being u more than we know in the whole DeFi space. Last bull run we seen ETH make a move of 100x from mid-Dec to Jan, who is to say LINK is not the new ETH that can make that 100x gain mid Dec to Jan.
But, thanks for sharing your feedback and opinion. It is great to hear what others think.