Chainlink - Technical Analysis going up against the trending bear market
Even though we all know that the current market conditions are very down trending (I hope), there are some coins that for some reason seem to be going up - against the overall trend. One of these coins is Chainlink, it has a use case of providing middleman decentralized software called Oracle. The mainnet is rumored to be approaching sometime soon and I think it says a lot that it has stayed pretty stable during the bear market.
Day chart ETH/LINK
As you can see there is some support at about 0.00121 ETH for this coin, which has held up since the beginning of 2018. The coin has gone down to about the 0.0004 ETH range and gone up everytime, opposed to some coins that have been unpredictable this one you seem to get the trend is stable and somewhat bullish.
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Looking closer to the day chart the price has been going nowhere but up since about the start of August, which is nice to see now but I wish I would have seen this coming sooner. Here it lies at around that point of support at 0.00121 ETH for the second time, so my prediction is it will go down once more to the other level of support, and then probably breakthrough, to new heights (of 2018).
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