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atanasgaydarov
Sep 4, 2019 8:44 AM

Does Chainlink Follow the Bitcoin Goals? Long

ChainLink / TetherUSBinance

Description

Hello, today we are going to look at a rather interesting currency ChainLink.The interesting thing about it is the price and it is proportional to the price of Bitcoin (~ 75-100%). What does it mean? a perfect investment alternative as its price at the time of writing is $ 1.78. Some of you will be wondering what makes it so unique after Bitcoin is the "King". Imagine that Bitcoin reaches new higher peaks and ChainLink decided to follow it would be "the perfect product at a lower price". Let's look at the analysis and what will happen in the future!
On the graph you can see the styling of the model - Falling Wedge pattern.
The model is a foretaste of a bullish trend. On the chart you can see in detail where we are at the moment and what we expect to happen in the future. levels of resistance around Resistance line 2, which marks a 161% increase over the price at the time of writing the article.



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Trade closed: stop reached

Bearish
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