LINK: Weekly RSI Above 50 -> Potential for a Multi-Year Bull Run
Updated
Looking back at Chainlink's price history, we find a compelling pattern. The last time Chainlink's weekly RSI crossed above the 50 mark, it marked the beginning of a multi-year bull run for the LINK token. During that period, Chainlink witnessed substantial price growth, establishing itself as a leading decentralized oracle network.
While this indicator alone should not be the sole basis for investment decisions, it serves as a valuable tool for traders and investors to monitor and consider alongside other fundamental and technical factors. As the crypto market continues to evolve, Chainlink's performance will be closely watched to see if history repeats itself with another extended period of bullish.
Personally I have significant multi-year spot exposure for LINK token. No stop loss since this is more of a investment than a single trade.
While this indicator alone should not be the sole basis for investment decisions, it serves as a valuable tool for traders and investors to monitor and consider alongside other fundamental and technical factors. As the crypto market continues to evolve, Chainlink's performance will be closely watched to see if history repeats itself with another extended period of bullish.
Personally I have significant multi-year spot exposure for LINK token. No stop loss since this is more of a investment than a single trade.
Note
Link is so strong, I love it. Also on a side note: Bloomberg crypto LINK and AVAX were used as examples for future ETFs after ETH and BTC. I find that interesting ideaNote
Looking good. Link likes to consolidate extended periods of time. Its normal to tap or go even below the weekly RSI 50 momentarily after such a hard push. The idea, though, is that we bounce between 50-100 on weekly RSI for the whole bullrun. So far doing great.Only skill needed is patience
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