$LINK
Daily reminder that Chainlink has broke out of its macro range that has been resistance for over 500 days.
While altcoins are seeing correction right now, the fundamentals of Chainlink keeps getting better.
This week Chainlink is attending the Hong Kong Fintech Week and continues to announce new partnerships as the solutions built by them are much needed and on the way to experience exponential adoption curve.
This canât yet be seen in the price of $LINK token, but sooner or later the price will follow.
If we look at Grayscale Chainlink Trust, which is the only way some of the institutions can get exposure to $LINK, we can see that the price is at all time high and continues to go up.
Something to think about.
$LINK has been now ranging in a tight range around multi year level of 2020 yearly candle close, 2021 yearly candle open & low and just below 2022 yearly candle mid-range. (light blue)
For now it remains $11 stable coin until this multi year resistance is broken.
$LINK / $BTC also broke out of downward trendline that has been resistance since August 2020 and found support on mid-range, getting ready to move towards range high.
This over 500 days accumulation range wasn't broken just for $LINK to return back into it.
It is uncommon for token to return back into the range after this huge of a break out.
Still of one the best looking charts in all of crypto, ready for more upside.
The moves have barely begun.
Are you positioned anon?
