Chainlink 50 % drop may come sooner than you think

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.

Transaction en cours:

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:

Commentaire:

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