When LINK breaks out of this flag structure expect $26 to be hit rapidly considering the key catalysts it has going for it this week with EIP-1559 / London Hard Fork & the SmartContract conference.
LINK is still very undervalued as it is blockchain agnostic and has the vast market share still. I don't expect any major competitors in this category for sometime and in meantime they will continue to entrench themselves in the space and become indispensable.
LINK's fair value should be much higher and a run back to ATHs is in the deck soon especially when BTC crosses above the 20 Week SMA - a known altcoin bull signal.
LINK is still very undervalued as it is blockchain agnostic and has the vast market share still. I don't expect any major competitors in this category for sometime and in meantime they will continue to entrench themselves in the space and become indispensable.
LINK's fair value should be much higher and a run back to ATHs is in the deck soon especially when BTC crosses above the 20 Week SMA - a known altcoin bull signal.
Note
LINK seems to be ultimately targeting the 200 day SMA before maybe pausing and heading higher:Note
200 day SMA currently at $27.75Note
Trading back inside triangle - more consolidation for now
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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.