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Technical analysis by accumulationdistribution about Symbol LINK: Buy recommendation (6/12/2024)

https://sahmeto.com/message/2699949

Chainlink investment technicals

Buy
Price at Publish Time:
$15.21
Buy،Technical،accumulationdistribution

The cycle low consolidation located atop the golden ratio of the primary cycle indicates a new cycle, after a similar pattern to last (2018-2019) The new cycle is on track with last (2019-2020) with a potential for breakout indicated by market structure..Bitcoin is coming to 60% of the market, meanwhile massive altcoins stay at relatively lower market capitalization relative to bitcoin. (keep in mind bitcoin is at ATH now and above important moving averages)

Source Message: TradingView
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