Bearish Alternate Bat with RSI Overbought at $100Going to target $65 for this one so long as we can get below $100 and stay below $100 this should play out very well.
100dollartarget
$LINK: Notice a pattern here? Hint: it goes up. 1W chartOn the Weekly log chart, $LINK is establishing a clear upward trend that the pitchfork median -> .5 deviation has really captured well. Logarithmic charts for projects like $LINK make sense for me as it is a hugely popular and, in my opinion, grossly undervalued project. If we copy the fractal of the previous two attempts at getting above the pitchfork median, it lines up with some pretty key emotional areas of resistance around that magical $100 dollar mark, as well as the 200 and 400 dollar marks.
Also! When link has made an attempt at that logarithmic median? We've seen a roughly 65% correction both times. $LINK is just now breaking out of the lower 1.0 deviation test. Which has acted as super solid support in its upward trend over the last dozen weeks or so. If $LINK can get above that 0.5 deviation? I'd expect it to continue marching its way towards that $100 dollar mark and we'll see what happens around then. Taking some profits around there would be something I might look to do as a swing trade, I would also look to load up on more link around the bottom of the pitchfork before it continues on towards 4 figures.
Fundamentally.... $LINK is the most important project in all of crypto in terms of the dependency factor of ALL of #Defi. They've built the solution to all of the trust problems inherent with centralized finance, and the dependency that Smart contracts have on data. If you're not looking to trade? This is a buy and hold for 10 years. Just forget about it until you're ready to retire.
Good luck marines. I'm excited.
