Chainlink, an oracle network. The leader in the DeFi space behind Ethereum (IMO).
In my uneducated opinion and observation, it looks like Chainlink is on the verge of a breakout.
Historically, Chainlink has followed a pattern that I'm sure a lot of people have noticed. The BLUE oval indicates a "temporary peak" and the RED oval is a "higher temporary peak". There is "Fluff" in between both ovals, that to me is really just fluff.
Once the RED oval has been hit, Chainlink falls for one last bounce until it reaches the next BLUE oval.
IMO, Chainlink is on the verge of the last bounce, and will then be running to a new ATH aka a new BLUE oval (I would guess anywhere from $80-$100) then will hit its "Fluff Peak" (Green oval) by the End of February 2023, and hopefully hit my price target of $250.
Again, just my uneducated opinion. *****TRADE AT YOUR OWN RISK******
In my uneducated opinion and observation, it looks like Chainlink is on the verge of a breakout.
Historically, Chainlink has followed a pattern that I'm sure a lot of people have noticed. The BLUE oval indicates a "temporary peak" and the RED oval is a "higher temporary peak". There is "Fluff" in between both ovals, that to me is really just fluff.
Once the RED oval has been hit, Chainlink falls for one last bounce until it reaches the next BLUE oval.
IMO, Chainlink is on the verge of the last bounce, and will then be running to a new ATH aka a new BLUE oval (I would guess anywhere from $80-$100) then will hit its "Fluff Peak" (Green oval) by the End of February 2023, and hopefully hit my price target of $250.
Again, just my uneducated opinion. *****TRADE AT YOUR OWN RISK******