Based on historical patterns, Chainlink should move up here. Typically, the market sees a heavy uptrend in the week following inauguration.
For Chainlink specifically, there are a few reasons to buy it. 1) It's one of the larger holdings in Trump's portfolio 2) Price has just broke out of and retested a consolidating down trend. 3) It seems accumulation has been heavy, and the biggest gains usually come after accumulation.
In the coming months, I would not be surprised to see LINK reach $85.
Make sure you do your own research and scale out on the way up!
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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.