From May 2022 to the last week of October 2023 we were in an accumulation range for chainlink. Congrats to you if you were actively buying during this period. Personally, i've been buying small amounts consitantly throughout this range for the past year.
From the end of October we have exploaded out of this range and are currently at a key level around the $15...
Looks to be a break of the long term resistance line we have tested multiple times in the past. Huge surge in volume as we broke the structure, which has now decreased as price has come back to test the trendline. Cautious here as we have broken the decending resistance line before only to come straight back down into the structrue.
However, note the volume...
As seen in the chart, we can mark out historic fractals that look to repeat themseleves over different lengths of time.
Fractal theory has been around for a long time now and no moonshot predictions have come to fruition. This is soely my own theory and should not be taken as finacial advise!
- AMC has shown strength in holding the bold white trendline...
