Lol this is not a bear market, we’re not going that low (though it would be great), not at least until after the peak of this cycle. Maybe $1.8 after a push up to $3.5-$5.5
@mduchow, No problem. Sorry to laugh, I don't mean to mock you specifically, I just get a good chuckle when people make very bold predictions on short time frames (sometimes they're right and I look like the fool though). Something to maybe keep an eye on is to see if LINK continues to chart a similar trajectory as ETH did when it was priced around the same. We should see here over the next few months if the correlation grows or not. If so, then expect another push up (maybe to $25/$30) before a multi month wind down to $6-$9, then a multi month rip towards $200+
Unchained_Trading
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@B_Musk, No worries I'm not offended by any means. But I don't find this analysis to be remotely bold. This is a sub-count of only one leg which is why it's laid out on a smaller time frame. The daily time frame looks ridiculously bearish. If things play out like I think they might, the price is targeting much lower than these targets
cam1lo
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@mduchow, 28 cents???? seriously? are you trying to scare people?
Unchained_Trading
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@B_Musk, But yes, assuming LINK ends up making an impulse with a mitigated pullback, then a traditional impulse would be targeting $2,000+. From a technical perspective as far as measurements and angles, LINK is a beautiful structure. But it needs to finish filling out still.
cam1lo
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@B_Musk, oof that sounds like quite the rollercoaster. and do u truly think it can go back to 6 or even 9 again after 25? seems unlikely
B_Musk
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@cam1lo, Of course. Have you studied the historical price action of other coins? Most notably BTC and ETH? They both ping ponged quite dramatically when they were in the 5-30 price range and continued to do so during previous bull markets.
Unchained_Trading
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@cam1lo if you find structure scary, then apparently so