So during this market some coins are doing much worse than others and for the time being it seems like ETH is going to be among the next coins to collapse. In the meantime there appears to be alot of opportunity in trading pairs against Ethereum.
In the case of Chainlink we have a Cup With Handle backtesting the top of a Channel and the Moving averages with a...
Make or break time for LINK/ETH.
3 things need to happen to turn giga bullish LINK/ETH (within the next few months)
NW needs to flip green on 3d.
EMA cross needs to cross on 2d.
Needs to bounce off the bottom of the blue channel and break upwards out of purple channel.
If none of that happens then the fudders that flap thier crow wings are correct.
LINK has made 2 consecutive closes above the 4H 10MA
It nearly hit all time lows support level (line A)
It is to the right of the major green trend line (definitely significantly bullish)
It is above the minor orange trend line (which might be an invalid shorter term line)
(4H): V shape with high close followed by very low range...
As other base layer networks like Avalanche and Polygon enter the space, I believe the money may start flowing into more application specific networks like LINK. The new leadership changes and partnerships being created are fundamentally bullish for LINK. From a technical perspective I want to look at valuation against ETH/USD/BTC. All of which at current are...
I strongly believe that this decade LINK will flip ETH not only in marketcap but in value per token. Link is simply the more profound and important network. It takes hundreds of hours of research to get to where I am right now. I am simply posting this for my own ego, it will be nice to come back to this post years from now and think to myself 'I was right'.
LINK/ETH has reached bottom, pair looks exhausted in despair stage, after massive -84% bleed from TOP.
Trend is currently neutral it's been hitting around link/eth 73k-78k last 90days straight Breakout should happen in coming weeks.
LINKETH is starting to show a stall in bearish momentum. Bears stopped selling their ETH for LINK--at least for now. If this is true, based on the Fibonacci Retracement/Extension, we could be looking at a possible 2x gain against ETH for LINK!
Some would argue that a valuation of LINK at under 20B USD is criminally undervalued. What do you think?