Link like many other altcoins remains bearish.
For a time being the price seems to be getting rejected from the upsloping resistance line.
We still expect 50 % drop.
$3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the previous bear market.
Buying at $1,50 would be a gift, but it´s not sure if the market is gonna be not so generous. Chainlink is one of the projects that we believe in as its fundamentals are strong.
For a time being the price seems to be getting rejected from the upsloping resistance line.
We still expect 50 % drop.
$3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the previous bear market.
Buying at $1,50 would be a gift, but it´s not sure if the market is gonna be not so generous. Chainlink is one of the projects that we believe in as its fundamentals are strong.
Trade active:
Upsloping resistance still acting as a resistance.
Chainlink still may drop to $3 - $3,50.
BTC.D is favoring further drop in the altcoin market:
Chainlink still may drop to $3 - $3,50.
BTC.D is favoring further drop in the altcoin market:
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Good progress. The price is dropping
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Chainlink still looks very bearish.
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So far playing out as expected
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The idea is still valid
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A lot of ranging . 3,50 -3 $ would be a gift
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Chainlink may be in a bearish distribution phase. buy orders: 3-3.50$ and lower
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