AltQueen

Chainlink's price analysis

Long
BITSTAMP:LINKUSD   Chainlink
Based on Chainlink's volatility percentiles, when the value is above 70% it indicates a distribution phase. This coincides with the time when Chainlink's price increases. This bullish trend is followed by a correction and the cycle resets before starting with the distribution again. The current volatility percentile signals that this may be the best time to accumulate Chainlink before it breaks past $30 yet again.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.