If we zoom out to the weekly chart of LINK / USD, we can see we could be forming the end of a HUGE BULL FLAG! If this is true, we are going to have one hell of a ride up next year! We need a clear breakthrough of that top trendline and hold as support. Then its ATH moon time. Stop listening to the news, and looks at the truth in the charts happening right in front of your eyes!
For this to happen, LINK would have to decouple from its correlation with ETH's price history. If it doesn't, expect one push up to 14.5, maybe 17.5 or 20 if enough momentum builds by end of January, then a slow crawl down for the rest of the winter and most of spring before the markets get going again. Hopefully i'm wrong and you're right though...
Hop7777
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Will it push into 14s by end of January?
B_Musk
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@Hop7777, Considering the current state of the markets that's very likely. At this point hitting $30-$40 is becoming increasingly likely as well. Despite the late January to early February peak, the markets will do a multi month draw down - ending by my estimate, early to mid spring, maybe summer. This period of rest is a necessity in order for the markets to generate enough energy to go parabolic.