Chainlink Is Undervalued

I tried to be as clear as I could with the takeaway message of this ratio chart.

When you get to the top of the channel (red bubble), it's typically a great time to sell LINK and buy BTC. When price gets to the bottom of the channel (green bubble), it's typically a great time to sell BTC and buy LINK.

Suffice to say, I am using some of my BTC profits to scale into LINKUSD . Chainlink is undervalued when compared to Bitcoin.

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A bullish, falling wedge pattern has formed on the LINK/BTC ratio chart. If this breaks out to the upside (green bubble area), you won't want to miss out on the move up that LINK would be making. Something to keep an eye on.

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Weekly chart - zoomed out view.

Bình luận:

A daily close above would confirm liftoff! Don't say we didn't tell you ahead of time.

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We ended up not getting the daily close after all. Still just grinding and grinding. Can we finally breakout? We'll find out soon!