LINK (ChainLink) is an undervalued project I have been monitoring for the past few months. Chainlink is the only project focusing on being a decentralized oracle provider that has a MASSIVE use case, partnerships like Request Network, ZeppelinOS, SWIFT and the LINK token can be staked in pools in the future to provide passive income.Initial Entry - 5175 Sats ($0.49)
Analysis:
- Long-term Descending Triangle Broken (Red)
- Ascending Triangle Nearing Breakout Level (Green)
Breakout Level: 6175 Sats ($0.59)
Target 1: 6928 Sats (33.6%)
Target 2: 7681 Sats (67.3%)
Target 3: 9187 Sats (134.6%)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.