Chainlink 50 % drop may come sooner than you think

Link like many other altcoins remains bearish.
For a time being the price seems to be getting rejected from the upsloping resistance line.

We still expect 50 % drop.
$3,50 - $3 can be a good area to accumulate link for the next bull market. It would be approx. 94 % drop from the all time high which sounds reasonable if we look at the altcoins % decrease in the previous bear market.

Buying at $1,50 would be a gift, but it´s not sure if the market is gonna be not so generous. Chainlink is one of the projects that we believe in as its fundamentals are strong.

Handel aktiv:

Upsloping resistance still acting as a resistance.
Chainlink still may drop to $3 - $3,50.

BTC.D is favoring further drop in the altcoin market:

Kommentera:

Good progress. The price is dropping

Kommentera:

Chainlink still looks very bearish.

Kommentera:

So far playing out as expected

Kommentera:

The idea is still valid

Kommentera:

A lot of ranging . 3,50 -3 $ would be a gift

Kommentera:

Chainlink may be in a bearish distribution phase. buy orders: 3-3.50$ and lower