Technical analysis by NoFOMO_ about Symbol LINK: Buy recommendation (9/17/2024)

Pivotal moment for Crypto alts. I think BTC dominance is topping out soon. One of the beneficiaries of that will be the stronger altcoin projects such as CHAINLINK. It presents a good risk to reward trade once we can break out of the RSI and triangle pattern. We are down over 50% since the highs this year. Alts remain highly risky in the short term so I’d rather be patient and wait for a confirmed breakout and keep a tight stop loss for risk management. Not financial advice, just something I’m keeping an eye on before a potential long trade.