Today I am posting brief . This is Chainlink on daily chart moving in downtrend channel from ATH above circa 50 $.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects.
Lower mining income could lead them to capitulate.
That way miners difficulty go down.
... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor.
Emvo.
*This is not any financial advice.
It's technically in bear market as other tokens and altcoins, below MA200 weekly.
I added some Fibonacchi and Fib circles. This chart also contains green historical support.
Fractal showing how could, or would progress into a near future.
Fundamentals are also against BTC and Ethereum projects.
Lower mining income could lead them to capitulate.
That way miners difficulty go down.
... that's why and how I 'm think LINK probably melt below 3 Dollars and visit Fibo 382.
Let it monitor.
Emvo.
*This is not any financial advice.
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