Btc looking pretty heavy here. Will drag everything else down. Link here looks like we need some down side. This up move looks so weak as well. I want to long strong instead of shorting imo.
LINK has often had a modest sell off prior to large takeoff in price.
Purple line is where I would like to see support hold prior to a run, if one is to come.
I have a stop at 21k which I expect will be wicked through to steal my position prior to the run... OR... I will protect my funds through another leg of downtrend to 18k.
No bother, I will sleep well...
I am not a LINK marine. Never fall in love with any of these 'coins'.
With that said:
ARGUMENT:
LINK is one of the only 2017 coins still going strong, rabid community behind it, and on a loose leash from BTC movements for the most part.
With Web 3 in late August and some other thing in September, there are two good 'stories' to act as cover for price moves up....
LINK MARINES REPORT IN!
Nah really though, I think ChainLink is an absolute gem of a coin.
ChainLink is trying to be the first decentralised oracle service running on the Ethereum blockchain with plans to incorporate themselves into every smart contract providing service there is. The reason why this is huge is because it is
1) an oracle
2) a decentralised one...
