Chainlink Great Pre-2025 Bull-Market Prices —Amazing OpportunityDoes Chainlink look high right now to you? In the very near future, when we look back to this date, we will be thinking that the price was cheap, and cheap is a cheap word. Highly affordable, great pricing, an amazing opportunity... Soon, it will be gone.
Good afternoon my fellow Cryptocurrency trader, I am happy to write for you again today.
Chainlink (LINKUSDT) is not different and is no exception, it will go through a major bull-market in 2025, and this late 2024 pricing is the accumulation zone.
The period between May 2022 and October 2023 is the first accumulation after the bear-market, then we have the initial bullish breakout or relief rally, the end of 2023 and the start of 2024. Now we saw a correction and everything stops, it won't go to new lows, for the market to be technically bullish and to continue bullish, it needs to produce a higher low, you can see this clearly on the chart.
First consolidation is the low. The second consolidation contains the higher low.
The first consolidation last a long time. The second consolidation is short.
The first consolidation produces a small bullish wave. The second consolidation is the start of a major bullish phase.
Now, think of a price of $86 and the current price and you have a 535% target. And this is a conservative price, thinking of what Bitcoin is doing, this early in the game, tells us that prices will go reach much higher by the end of the next bullish phase.
For LINKUSDT, we can consider even $130, $178 (1,200%) or more, $224... When we look back to this time we will think, "Man, prices were so cheap back in late 2024."
Namaste.
