Crypto#1...Chainlink, an opportunity is here in short-term!
Why I have chosen Chainlink for now?
If you are a crypto enthusiastic person or following it from very early stage, you can always find some opportunity in crypto market whether in bear or bull market. As I am following from 2016 from my College life, I have seen the ups and downs in many coins.....
So, I thought I should share my knowledge in this sector for new comer. As a student from a poor country like Bangladesh, I have missed hundreds of chance to be a Millionaire because of not having any capital😭. So, I want the new one to get some benefit from the cryoto now.
Everyday cryoto market is becoming very hard to predict
If you notice recent months, price of all the coins are not increasingly altogether which was a very common scenarios in past years. If you notice that the solana(SOL), zilliqa(ZIL) soaring price recently with breaking the market trend. Now, and DOT and ICP has lost a significant portion of price relative to the BTC price. Also the Terra (LUNA) has enter into the top 10.
Don't believe in technical analysis blindly
As the other established shares, bonds or finance market are quite stable and not volatile as crypto market. As a result the technical analysis suits more accurately with these traditional markets. But for cyptos, technical analysis are just pre-planned trap by the whales in most cases. But the good thing is that the market is evolving faster than before which will make the market more stable and healthy in future.
Today's pick: Chainlink
Befor talking about the my prediction, I want to clarify one thing, everything I will discuss here only for educational purposes, no financial advices is given from my side. Invest with your own risk and before investing do your own research. Finally never invest the anount that you can bear after comolete lost.
As a updated person with the development in internet of things and data revolution with blockchain technology, you should learn the basics of this decentralised world. Everything is goung through revolution and with the negligence fom the current giants as internet faces during its nineties🤔
Enough for introduction, I will just tell the present condition of LINK, chainlink crypto and its short term prediction with long term aspects. For clear concern, I will never talk about any shitcoins such as DOGE, or SHIB whether they gains 100000% overnight, as fundamentally these are useless. I will pick only the hidden gems or the solid projects with bright future having the outlook to do something to change the world with it’s contribution.
One the most undeerated coins of the current market trend is the LINK. No one can neglect the significance of oracle to real-life data. I don't want to focus on technical terms, I will tell you the facts for your trading opportunity. You can observe its value has decreased significantly for months after its alltime high and now it’s at it’s resistance area around 14 bucks. Also the fear index is showing the negative sentiment which is going to green very soon.
You can see the selling pressure has a decreasing trend after the insane accumulation over weeks. Also if you don’t have enough idea about these, then you can just observe the following curve with 4h candles chart and monthly candle chart. Don't be confused, I m telling youbin simple language.
Now the price is facing selling pressure around 13.8-14.4, which is going to overcome verynsoon at the price level o around 15.5. And even it can go further to 18 buks in couple of months in immediate condition. As, I mention it’s at the eve of bear market but for LINK, my prediction is likely to happen unless serious market crash with world ecobomy class comes. You can have some trade here without any hassle.
Long-term aspects
If you want to do trade with 100% risk free, then trade in spot trading and avoid future trading. You will loose nothing, because the price of LINK will definitely increse. Many people now repent for BNB price as it was under 10 bicks during covid outbreak and now its 400 bucks! So be a solid holder of some best coins like LINK. I will give you more coins in future with such opportunities in short-term with only the best coins at perfect time.
Hope you have learned something from my post and get ome basic from here. If you have any questions, you can write in cimments.
Thank you very much for your time, I will catch you at the next.
Nice analysis 👍
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