After Chainlink bounced of the 2h trendline it made a new attempt at the 3 month long upper trendline. Boosted by new partnership announcement the price is currently at pivotal moment. If we see a high-volume break through, we'll see a new impuls for price discovery. As always it's a lot safer to wait for a definitive breakthrough before taking a position, be it...
After an amazing run where ChainLink went +300% in a couple of months, it broke out upwards of its months long parallel channel. However, as hype for the announcement of the team at DevCon4 was growing, a lot of short term investors entered which gave the impuls for a sell-the-news drop after the announcement was made.
LINK retested the upper trendline once and...
ChainLink is forming a bullflag on the 4 hours. Probably one or two more smallish dips before it breaks out. Target is around 6400 sats. Watch RSI for sign of a reversal.