Chainlink breaks its downtrend

Chainlink has navigated its way back to the $16-$17 range over the last day or so. Now that we have broken out of our downtrend, Chainlink has its sights set on the prior ATH of $20. Will LINK make it back to this price and bail out the money that came in at the top this past summer? Or will the entire asset class depreciate following a blow-off top? We have know idea how long the Bitcoin move will last, but we must recognize it holds the keys to Bitcoin's short term moves. LINK is up about 50% this week, which is fairly impressive. TA Video by Benjamin Cowen.



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