My prognosis for the third and fourth cycles
*** Read the description to the end
* The first cycle from $ 0.120 to $ 1,512 lasted 623 days.
- If we pull the fibonacci retracment from swing high ($ 1,512) to swing low ($ 0,158) we can see that in the second cycle the bullrun went up to 3,414 fibonacci indicators which is around $ 5.
* The second cycle from $ 1,512 to $ 5 lasted 388 days.
- If we pull the fibonacci retracment in the second cycle from swing high ($ 5) to swing low ($ 1.346) we can see that in the third cycle the goal is 4,764 fibonacci retracment which is around $ 20.7.
* Third cycle from $ 5 to $ 20.7
- Still running, currently day 190 (12.01.2021)
- But it will last 506 days if we take the average from the first two cycles which lasted 623 and 388 days
- If the bottom is $ 7.28 the target in the fourth cycle can also be obtained via the Fibonacci indicator from swing high ($ 20.7) to swing low ($ 5) which is between $ 53.4 and $ 71.4 fibonacci retracment 3,414 and 4.67
- If the bottom is $ 5 then the target is $ 58.7 and $ 79.9
* Fourth cycle, goals are (between $ 53.4 - $ 71.4) and (between $ 58.7 - $ 79.9) it all depends on how the third cycle ends
*** The history of chainlink is not large and there are only 2 completely completed cycles, so this analysis was done from only those two cycles
*** all this can happen faster or slower and the goal will be bigger or smaller
* The first cycle from $ 0.120 to $ 1,512 lasted 623 days.
- If we pull the fibonacci retracment from swing high ($ 1,512) to swing low ($ 0,158) we can see that in the second cycle the bullrun went up to 3,414 fibonacci indicators which is around $ 5.
* The second cycle from $ 1,512 to $ 5 lasted 388 days.
- If we pull the fibonacci retracment in the second cycle from swing high ($ 5) to swing low ($ 1.346) we can see that in the third cycle the goal is 4,764 fibonacci retracment which is around $ 20.7.
* Third cycle from $ 5 to $ 20.7
- Still running, currently day 190 (12.01.2021)
- But it will last 506 days if we take the average from the first two cycles which lasted 623 and 388 days
- If the bottom is $ 7.28 the target in the fourth cycle can also be obtained via the Fibonacci indicator from swing high ($ 20.7) to swing low ($ 5) which is between $ 53.4 and $ 71.4 fibonacci retracment 3,414 and 4.67
- If the bottom is $ 5 then the target is $ 58.7 and $ 79.9
* Fourth cycle, goals are (between $ 53.4 - $ 71.4) and (between $ 58.7 - $ 79.9) it all depends on how the third cycle ends
*** The history of chainlink is not large and there are only 2 completely completed cycles, so this analysis was done from only those two cycles
*** all this can happen faster or slower and the goal will be bigger or smaller
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